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 future. 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 added. Contacts Media Relations, tel. +41 (0)58 888 8888 Investor Relations, tel. +41 (0)58 888 5256 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 Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch email@example.com +41 41 763 00 50
Merger of Infidar and WMPartners to create one of the largest in
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