Julius Baer to sell Wergen wealth management business By Reuters
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© Reuters. FILE PHOTO: People walk past a branch of Swiss bank Julius Baer in Zurich, Switzerland February 3, 2020. REUTERS/Arnd Wiegmann/File Photo
ZURICH (Reuters) – Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday.
Julius Baer, which acquired Zurich-based Wergen in February 2017, said the company has always been profitable and had doubled its assets under management, without giving any figures.
The parties agreed not to disclose the purchase price for the deal which is expected to close in the first quarter of 2022.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters. FILE PHOTO: People walk past a branch of Swiss bank Julius Baer in Zurich, Switzerland February 3, 2020. REUTERS/Arnd Wiegmann/File Photo
ZURICH (Reuters) – Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday.
Julius Baer, which acquired Zurich-based Wergen in February 2017, said the company has always been profitable and had doubled its assets under management, without giving any figures.
The parties agreed not to disclose the purchase price for the deal which is expected to close in the first quarter of 2022.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.