Merger of Infidar and WMPartners to create one of the largest independent
asset managers in Switzerland
Zurich, 19 November 2013 --- Infidar Investment Advisory Ltd., part of the
Julius Baer Group, and WMPartners Wealth Management Ltd. are to merge. The
move, which will create one of the largest independent asset management
companies in Switzerland, is intended to consolidate their leading market
position by bundling the companies' skills and expertise. The transaction is
expected to be completed in the first quarter of 2014.
Established in 1954, Zurich-based Infidar Investment Advisory Ltd. (Infidar),
part of the Julius Baer Group, employs a staff of 26 and has been led by
Markus Gonseth since 2007. WMPartners Wealth Management Ltd. (WMPartners),
which also has 26 employees and is headquartered in Zurich, was set up in 1971
and is owned by its three partners Willi Leimer, Balthasar Meier and Heiner
Grüter. Both companies are already amongst the leading independent asset
managers in Switzerland.
In a first step, the Julius Baer Group acquired the shares in WMPartners, and
in a second step Infidar will merge with WMPartners. The parties have agreed
not to disclose the terms of the transaction.
Employing around 50 staff and managing client assets worth over CHF 4 billion,
the new company will be one of Switzerland's largest independent asset
managers and will work together with around 30 custodian banks.
Once the transaction is complete, Heiner Grüter, currently partner and CEO at
WMPartners, will head up the new company as its CEO. He will continue to
pursue the same proven, client-focused strategy, supported by the existing
combined management team and the employees of the two constituent companies.
The present CEO of Infidar, Markus Gonseth, will focus on client advisory in
All the partners in both companies will continue to have a hand in operations
after the merger has gone through. Markus Gonseth, Willi Leimer and Balthasar
Meier will also have a seat on the new company's Board of Directors. "The two
companies complement each other perfectly. We will be able to guarantee our
clients the surest possible continuity while also being even better placed to
meet our existing and future client requirements with our combined strengths,"
explained Heiner Grüter.
"The new company will remain completely independent with regard to investment
decisions and choosing its custodian banks. At the same time, it will be able
to handle the increasingly complex requirements that we are seeing nowadays,
while also enjoying the backing of a strong partner in the form of Julius
Baer," said Yves Robert-Charrue, Head Independent Asset Managers & Global
Custody at Bank Julius Baer. "By bundling our skills and expertise, we are
creating one of the largest independent asset managers in Switzerland," he
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About Julius Baer
Julius Baer is the leading Swiss private banking group with a focus on
servicing and advising sophisticated private clients and a premium brand in
global wealth management. Julius Baer's total client assets amounted to CHF
341 billion at the end of October 2013, with assets under management
accounting for CHF 249 billion. Bank Julius Baer & Co. Ltd., the renowned
Swiss private bank with origins dating back to 1890, is the principal
operating company of Julius Baer Group Ltd., whose shares are listed on the
SIX Swiss Exchange (ticker symbol: BAER) and form part of the Swiss Market
Index (SMI) of the 20 largest and most liquid Swiss stocks.
Julius Baer is currently integrating Merrill Lynch's International Wealth
Management business outside the US. This will increase the Group's presence to
more than 25 countries and 50 locations. Headquartered in Zurich, we have
offices from Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Madrid,
Monaco, Montevideo, Moscow, Shanghai to Singapore.
For more information visit our website at www.juliusbaer.com
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