Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Julius Baer Gruppe AG    BAER   CH0102484968

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Julius Baer Gruppe AG : Merger of Infidar and WMPartners to create one of the largest independent asset managers in Switzerland

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/19/2013 | 08:23am CET
Infidar Investment Advisory Ltd., part of the Julius Baer Group, and WMPartners Wealth Management Ltd. are to merge. The move, which will create one of the largest independent asset management companies in Switzerland, is intended to consolidate their leading market position by bundling the companies' skills and expertise. The transaction is expected to be completed in the first quarter of 2014.

Established in 1954, Zurich-based Infidar Investment Advisory Ltd. (Infidar), part of the Julius Baer Group, employs a staff of 26 and has been led by Markus Gonseth since 2007. WMPartners Wealth Management Ltd. (WMPartners), which also has 26 employees and is headquartered in Zurich, was set up in 1971 and is owned by its three partners Willi Leimer, Balthasar Meier and Heiner Grüter. Both companies are already amongst the leading independent asset managers in Switzerland.

In a first step, the Julius Baer Group acquired the shares in WMPartners, and in a second step Infidar will merge with WMPartners. The parties have agreed not to disclose the terms of the transaction.

Employing around 50 staff and managing client assets worth over CHF 4 billion, the new company will be one of Switzerland's largest independent asset managers and will work together with around 30 custodian banks.

Once the transaction is complete, Heiner Grüter, currently partner and CEO at WMPartners, will head up the new company as its CEO. He will continue to pursue the same proven, client-focused strategy, supported by the existing combined management team and the employees of the two constituent companies. The present CEO of Infidar, Markus Gonseth, will focus on client advisory in future.

All the partners in both companies will continue to have a hand in operations after the merger has gone through. Markus Gonseth, Willi Leimer and Balthasar Meier will also have a seat on the new company's Board of Directors. "The two companies complement each other perfectly. We will be able to guarantee our clients the surest possible continuity while also being even better placed to meet our existing and future client requirements with our combined strengths," explained Heiner Grüter.

"The new company will remain completely independent with regard to investment decisions and choosing its custodian banks. At the same time, it will be able to handle the increasingly complex requirements that we are seeing nowadays, while also enjoying the backing of a strong partner in the form of Julius Baer," said Yves Robert-Charrue, Head Independent Asset Managers & Global Custody at Bank Julius Baer. "By bundling our skills and expertise, we are creating one of the largest independent asset managers in Switzerland," he added.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JULIUS BAER GRUPPE AG
11/18 JULIUS BAER GRUPPE : launches third annual Japan Wealth Report
11/17DJJulius Baer Profitability Under Pressure Despite Rising Managed Assets
11/17 JULIUS BAER GRUPPE : Interim Management Statement for the first ten months of 20..
11/17 JULIUS BAER GROUP : Interim Management Statement for the first ten months of 201..
11/17 JULIUS BAER GROUP : Interim Management Statement for the first ten months of 201..
11/16 Proposed Swiss bribery law preserves tax break for illegal profits
11/09DJCorporate Winners and Losers Emerge After Trump Win
11/03 Swiss offer tough Brexit lessons for Britain's banks
10/25 Julius Baer, DBS Reportedly Consider Buying ABN Amro Asia Private Bank
10/13 Julius Baer Group Ltd. successfully places a second SGD-denominated perpetual..
More news
Sector news : Banks - NEC
08:55pDJBANK OF AMERICA : Tellers, Others to Get Pay Increase
08:14p EXCLUSIVE : Italy preparing to take controlling stake in Monte dei Paschi - sour..
08:06pDJCITIGROUP : Court Backs Prosecutors Over Family Tips in Insider-Trading Cases
08:06pDJWELLS FARGO : CEO Expects Scandal Fallout to Cost Tens of Millions of Dollars
07:36pDJHeads of J.P. Morgan, Bank of America Say FICC Stronger
More sector news : Banks - NEC
News from SeekingAlpha
07/25 Julius Baer Group reports 1H16 results
06/24 Swiss Markets Tumble On Brexit News
02/24 HEWL : A Legendary Investment
02/01 Julius Baer's (JBAXY) CEO Boris Collardi on Q4 2015 Results - Earnings Call T..
02/01 Julius Baer reports FY15 earnings
Advertisement
Financials ( CHF)
Sales 2016 2 779 M
EBIT 2016 673 M
Net income 2016 624 M
Debt 2016 -
Yield 2016 2,76%
P/E ratio 2016 15,90
P/E ratio 2017 14,66
Capi. / Sales 2016 3,61x
Capi. / Sales 2017 3,37x
Capitalization 10 036 M
More Financials
Chart JULIUS BAER GRUPPE AG
Duration : Period :
Julius Baer Gruppe AG Technical Analysis Chart | BAER | CH0102484968 | 4-Traders
Full-screen chart
Technical analysis trends JULIUS BAER GRUPP...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 46,7  CHF
Spread / Average Target 4,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Boris F. J. Collardi Chief Executive Officer
Daniel J. Sauter Chairman
Nic Dreckmann Chief Operating Officer
Dieter A. Enkelmann Chief Financial Officer
Claire Giraut Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JULIUS BAER GRUPPE AG-7.87%9 956
JPMORGAN CHASE & CO.26.09%297 926
WELLS FARGO & CO-0.02%272 962
INDUSTRIAL AND COML BA..-1.31%232 301
BANK OF AMERICA CORP26.14%220 694
CHINA CONSTRUCTION BAN..-2.25%187 614
More Results