Julius Baer sells Swiss-based independent wealth arm 

Mark Battersby
clock • 1 min read

Julius Baer has sold Geneva-based Fransad Gestion SA (Fransad) to the management team of the independent wealth manager. In a statement on 2 June, Julius Baer said the transaction, which took place on 1 June 2022, followed its decision to reduce the complexity of its portfolio of companies. The deal would also allow Fransad to strengthen its positioning as a major Swiss independent wealth manager under the ownership of the existing management team. Although Fransad will no longer belong to the Julius Baer Group, "both parties will maintain a partnership going beyond traditional cus...

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