Swiss wealth manager Julius Baer has announced its intentions for the UK market after several of its funds were granted distributor status by the FSA.
The firm is set to launch a London product office and will initially focus on selling funds on a wholesale basis to wealth managers, insurance firms, investment banks and fund of funds. Julius Baer’s Investment Products (JBIP) team has in excess of £39bn assets under management - a100% increase in the last five years – and covers a range of areas including northern Africa and German value stocks. Beat Wittmann, CEO of JBIP, says Julius Baer’s new London division represents “an important part of our strategy for organic growth”, adding the company’s investment process and experience would ...
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