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Julius Baer sells Swiss wealth business

By Robbie Lawther, 6 Jun 22

Companies will maintain a partnership after the deal

Global private banking group Julius Baer has sold Geneva-based Fransad Gestion SA to the management team of the independent wealth manager for an undisclosed sum.

The team have completed the buyout to pursue their own growth strategy.

As a result of the transaction, Fransad will no longer belong to the Julius Baer Group, however, both parties “will maintain a partnership going beyond traditional custodian services”.

Founded in 2010 in Geneva, Fransad manages around CHF1.5bn (£1.24bn, $1.56bn, €1.45bn) of assets.

The firm employs around 20 people, including 10 relationship managers.

Tags: Julius Baer | Switzerland

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.