Julius Baer and Nomura announce the acquisition by Nomura of a 40 per cent shareholding in Julius Baer’s wholly owned subsidiary – Julius Baer Wealth Management Ltd. – which currently provides international wealth management services to Julius Baer’s high net worth client base in Japan. This new equity investment by Nomura represents a significant step forward for both firms’ strategic ambition for the Japanese market and will provide Julius Baer access to Nomura’s high net worth franchise.
Zurich / Tokyo, 27 September 2018 – Julius Baer Group Ltd. (Julius Baer), the leading Swiss private banking group, and Nomura Holdings Inc. (Nomura) have announced today a strategic partnership, with Nomura acquiring a 40 per cent shareholding in Julius Baer Wealth Management Ltd. (JBWM). As a result, Julius Baer will introduce JBWM’s bespoke discretionary mandate services to Nomura’s high net worth client base in Japan. In doing so, Nomura will complement its comprehensive domestic product offering with JBWM’s tailor-made international mandate services.
JBWM specialises in the provision of discretionary investment services for Japan-based clients with a successful 20-year track record. The portfolio management team, based in Zurich, provides discretionary mandate services via its senior relationship management professionals in the Tokyo office. The investment process pays particular attention to currency risks, and the team has been adept at navigating market cycles, aiming to preserve client capital during times of financial market distress.
Upon completion of the transaction, JBWM’s name will be changed to Julius Baer Nomura Wealth Management Ltd. to underscore the strategic partnership.
Bernhard Hodler, CEO of Julius Baer Group Ltd., commented: “The strategic partnership with Japan’s premier securities firm represents a major milestone in our business strategy for Japan. Global financial markets are becoming increasingly complex, requiring skilful risk management, which is at the core of our offering in Japan. Working together with Nomura and its comprehensive domestic network and knowledge, we can best share our internationally diversified offering with a new audience and maximise the value of our presence in Japan.”