Julius Baer May Cut More Than 1,000 Jobs After Merrill Purchase

Julius Baer May Cut More Than 1,000 Jobs After Merrill Purchase

Gianluca Colla/Bloomberg

Julius Baer previously said it expects to pay as much as 860 million Swiss francs ($921 million) for between 57 billion francs and 72 billion francs of assets managed for Merrill clients from Europe, Asia, Latin America and the Middle East.