Julius Baer Plans Lisbon Office to Tap the Wealthy in Portugal
- Swiss wealth manager is aiming to open outpost next year
- A team of 14 bankers will relocate to Lisbon from Madrid
Julius Baer wants to have a presence that’s closer to its Portuguese clients and is in the process of getting regulatory approvals.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
Julius Baer Group Ltd. plans to open an office in Lisbon next year as it seeks to tap into the wealth of a growing number of affluent foreigners taking up residence in Portugal.
The Swiss wealth manager wants to have a presence that’s closer to its Portuguese clients and is in the process of getting regulatory approvals, a person familiar with the move said, asking not to be identified because the matter isn’t public.