Julius Baer mulls China joint venture

Pedro Gonçalves
Julius Baer mulls China joint venture

Swiss bank Julius Baer plans to set-up a majority-owned China joint venture to tap into the country's growing population of HNWIs, according to Reuters. The plan comes as China, the world's second-largest country by number of billionaires, has been opening up its financial sector for bigger foreign participation. If successful, Julius Baer will be the first major private bank to set up a wealth management joint venture in China. Its plan to establish onshore presence is reported here fo...

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