Published 2 years ago

Julius Baer sells Fransad business to management

Summary by Ground News

Julius Baer (BAER.S) is selling Geneva-based wealth manager Fransad Gestion to its management team. The transaction, which was executed on 1 June 2022, follows the decision of Julius Baer to reduce the complexity of its portfolio of companies. Baer will continue to work with Franad, which manages around 1.5 billion Swiss francs ($1.56 billion) of assets.

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Reuters

Julius Baer sells Fransad business to management

ZURICH - Julius Baer is selling Geneva-based wealth manager Fransad Gestion to its management team, the Swiss private bank and asset manager said https://www.juliusbaer.com/en/media-investors/news/julius-baer-group-sells-fransad-gestion-sa-in-a-management-buyout on Thursday, giving no financial details. "The transaction, which was executed on 1 June 2022, follows the decision of Julius

2 years ago·United Kingdom

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