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 Bär Gruppe    BAER   CH0102484968

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 CEST
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 BÄR GRUPPE
06/23 JULIUS BÄR GRUPPE : Baer integrates WMPartners and broadens its multi-custody we..
06/19 JULIUS BÄR GRUPPE : Almudena Benedit, new Head of Julius Baer’s Portfolio ..
06/17 JULIUS BÄR GRUPPE : Argentine banker admits sending US$25 million in bribes to G..
06/17 JULIUS BÄR GRUPPE : Argentine banker admits sending US$25 million in bribes to G..
06/16 JULIUS BÄR GRUPPE : Banker pleads guilty in FIFA money laundering charge
06/15 Swiss banks lobby for get-out clause as end of bank secrecy nears
05/22 JULIUS BAER GRUPPE : Interim Management Statement for the first four months of 2..
05/22 JULIUS BAER GROUP : Interim Management Statement for the first four months of 20..
05/22 JULIUS BAER GROUP : Interim Management Statement for the first four months of 20..
05/14 JULIUS BAER GRUPPE : Invest AD offers investment product to institutional invest..
More news
Sector news : Banks - NEC
11:50a BARCLAYS AFRICA : South Africa anti-graft chief open to talks on central bank - ..
06/23 INTESA SANPAOLO : Italy to pass emergency decree on Veneto banks after EU green ..
06/23 Goldman Sachs global head of equity markets to retire
06/23 LLOYDS BANKING : Bank of England financial crisis liquidity auctions cleared by ..
06/23 CANADIAN IMPERIAL BANK OF COMMERCE : Canada's CIBC completes $5 billion PrivateB..
More sector news : Banks - NEC
News from SeekingAlpha
2016 Julius Baer Group reports 1H16 results
2016 Swiss Markets Tumble On Brexit News
2016 HEWL : A Legendary Investment
2016 Julius Baer's (JBAXY) CEO Boris Collardi on Q4 2015 Results - Earnings Call T..
2016 Julius Baer reports FY15 earnings
Advertisement
Financials ( CHF)
Sales 2017 3 127 M
EBIT 2017 758 M
Net income 2017 706 M
Debt 2017 -
Yield 2017 2,67%
P/E ratio 2017 15,86
P/E ratio 2018 13,98
Capi. / Sales 2017 3,64x
Capi. / Sales 2018 3,39x
Capitalization 11 392 M
More Financials
Chart JULIUS BÄR GRUPPE
Duration : Period :
Julius Bär Gruppe Technical Analysis Chart | BAER | CH0102484968 | 4-Traders
Full-screen chart
Technical analysis trends JULIUS BÄR GRUPPE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 52,3  CHF
Spread / Average Target 2,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Boris F. J. Collardi Chief Executive Officer
Daniel J. Sauter Chairman
Nic Dreckmann Chief Operating Officer
Dieter A. Enkelmann Chief Financial Officer
Claire Giraut Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JULIUS BÄR GRUPPE12.87%11 740
JP MORGAN CHASE & COMP..0.66%308 597
WELLS FARGO-4.83%262 109
INDUSTRIAL AND COMMRCL..15.65%260 628
BANK OF AMERICA3.26%227 102
CHINA CONSTRUCTION BAN..15.26%212 644
More Results