Zurich, 23 June 2017 – Julius Baer Group Ltd. (Julius Baer) has decided to integrate its fully owned subsidiary WMPartners Wealth Management Ltd. (WMPartners), located in Zurich. Existing client relationships will continue to be advised by the same relationship management team and will have unchanged custody located with Julius Baer or with third-party banks. The legal merger will be concluded by the end of 2017.
With this step, Julius Baer will insource WMPartners’ expertise in the area of multi-custody solutions into the Bank, thus meeting the growing client demand to manage national and international wealth across multiple custodians.
Yves Robert-Charrue, Head Europe and member of the Executive Board of Bank Julius Baer, said: “With the integration of WMPartners with its long-standing expertise in multi-custody wealth management we will be able to substantially broaden Julius Baer’s value proposition and better serve the increasingly complex needs of our clients. We see a clear growth potential for this business and will further invest in it.”