13 October 2011
Zurich, Hong Kong, Singapore, 13 October 2011 --- Julius Baer Group Ltd. (VX: BAER) and Macquarie Group Ltd. (Macquarie, ASX: MQG) today announced they had entered into a strategic collaboration agreement. Julius Baer is the leading Swiss private banking group and Macquarie is a global financial services institution headquartered in the Asia Pacific. The agreement is based on future private and investment banking opportunities in North and South East Asia.
Within the agreement Julius Baer will refer clients’ investment banking transactions to Macquarie. Macquarie will refer clients who require private banking services to Julius Baer and more of
Macquarie’s investment banking products will be available to Julius Baer’s clients in Asia within the framework of Julius Baer’s open product platform. Additionally, Macquarie’s Asian Private Wealth
business will be transferred to Julius Baer. Macquarie Private Wealth Asia has offices in Singapore and Hong Kong and manages total client assets of around USD 1 billion1
Boris F.J. Collardi, CEO Julius Baer, commented on the cooperation with Macquarie: “We are very pleased to enter into a cooperation with this leading global financial institution in Asia. This is another important step to expand Julius Baer’s footprint in the world’s most important growth region, underlining our commitment to Asia as our second home market. I am convinced that the cooperation will be highly beneficial for both partners and our clients.”
Nicholas Moore, CEO Macquarie Group, added: “We are delighted that our two organisations will have the opportunity to work together in Asia and we look forward to a productive relationship in the
region as we combine our resources and expertise. We believe Macquarie’s deep specialist expertise in the Asia-Pacific region, developed over 42 years, will be of particular benefit to both parties.”
With this latest move Julius Baer continues its ambitious growth strategy in Asia. Only recently, the Bank has published the ‘Julius Baer Wealth Report: Asia’, providing a comprehensive and exclusive analysis of the High Net Worth Individuals (HNWI) landscape in this region. Julius Baer has been granted a representative office licence in Shanghai by the China Banking Regulatory Commission and remains the only private bank to hold a QFII licence by the China Securities Regulatory Commission.
Macquarie offers a full suite of banking, financial advisory, investment and funds management services in the Asia-Pacific. It continues to grow its Asia-Pacific franchise and broaden its product and geographic reach with approximately 10,000 staff in 26 locations across the region. In recent years Macquarie has been a manager on some of the largest IPOs in Asia, including the listing of
Agricultural Bank of China.
1 Macquarie Private Wealth Asia conducts its Singapore activities through Macquarie Bank Limited, Singapore Branch under the supervision of the Monetary Authority of Singapore and its Hong Kong activities through Macquarie Funds Management Hong Kong Limited, an SFC regulated entity.
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About Julius Baer
Julius Baer is the leading Swiss private banking group, with an exclusive focus on servicing and advising private clients. Julius Baer’s total client assets amounted to CHF 260 billion at the end of June 2011, with assets under management accounting for CHF 166 billion.
Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol:BAER) and form part of the Swiss Market Index (SMI) of the 20 largest and most liquid Swiss stocks.
Julius Baer employs a staff of over 3 600 in more than 20 countries and over 40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow and Singapore.
For more information visit our website at www.juliusbaer.com
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services.
Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world.
Macquarie Group Limited is listed in Australia (ASX:MQG; ADR:MQBKY) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Macquarie also owns a bank in the UK, Macquarie Bank International Limited, which is regulated by the FSA. Macquarie's activities are also subject to scrutiny by other regulatory agencies around the world.
Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with a strong, committed team are key drivers of Macquarie’s success.
Founded in 1969, Macquarie employs more than 15,500 people in over 28 countries. At 31 March 2011, Macquarie had assets under management of $A310 billion.
For more information visit www.macquarie.com