Swiss regulator drops M&A ban on Julius Baer

Mark Battersby
clock • 1 min read

Zurich-headquartered Julius Baer Group got the green light from Swiss regulator FINMA to make large acquisitions again, after a ban imposed just over a year ago over money laundering control failings in its Latin America business was lifted. Julius Baer said in statement that it had been informed by FINMA that it was "formally lifting the ban imposed in February 2020 on the execution of acquisitions that lead to a significant increase in operating risks and in organisational complexity". The decision was based on a status report from FINMA's mandated auditor, which was supervising the...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?