Julius Baer sells Dutch domestic business

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Julius Baer sells Dutch domestic business

Julius Baer agreed to sell its domestic business in the Netherlands with nine relationship managers and around €1bn assets under management to WMP, wealth manager based in the Netherlands. With this move, Julius Baer's strategy is to focus its investments and physical presence in core markets worldwide, which was accelerated by opening three branches in the United Kingdom and two in Germany in 2018. WMP will acquire 100% of the share capital in Julius Baer (Netherlands) B.V. in Amsterdam from...

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