Julius Baer Still Considering Bid for Stake in Bank Sarasin

Julius Baer Group Ltd., Switzerland’s largest publicly traded private bank, is still considering plans to acquire a stake in Bank Sarasin & Cie. AG, according to a senior executive.

“Sarasin is considered,” Remy Bersier, a member of Baer’s executive board, told reporters in Dubai today. We “want to play an active role in the consolidation process. We have been looking for acquisitions that meet out three criteria: strategic fit, cultural fit and price,” he said.