Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Julius Baer enters Irish wealth market

Julius Baer enters Irish wealth market

Julius Baer has acquired Merrill Lynch's Dublin-based wealth management arm.

Merrill Lynch has run private banking activities in Dublin since 2001 and both the team, headed by John Crowe, and clients have transferred to Julius Baer.  

The transaction follows the Swiss wealth manager's acquisition of Merrill Lynch's international wealth management arm in August 2012, for which it paid $881 million (£526 million).

'The team in Dublin is very excited to be part of the Julius Baer family,' Crowe said in a statement. 

'It is an extremely positive statement that a major Swiss Private bank such as Julius Baer is launching a new office in Ireland.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Wealth Manager: The highs and lows of Spiers' 30 years of discretionary innovation

Wealth Manager: The highs and lows of Spiers' 30 years of discretionary innovation

John Spiers saw Bestinvest lose 90% of its revenues overnight before rebuilding the company into a £5 billion wealth management giant

Wealth Manager on Twitter