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Julius Baer Integration Chief Says Merrill Transfer on Track

Julius Baer Group Ltd., the Swiss bank founded in 1890, said it’s on track to absorb as much as 72 billion francs ($78 billion) of client assets after acquiring Bank of America Corp.’s non-U.S. wealth units last year.

“We’re in that range that has been communicated, I think between 57 and 72” billion francs of managed assets, Nic Dreckmann, global head of integration at Julius Baer, said in an interview at the Euroforum Private Banking Summit in Zurich.