Julius Baer Weighs Opening U.S. Business, Buying LatAm Firms

(Bloomberg) — Julius Baer Group Ltd. is deciding whether to start a wealth-management business in the U.S. as it seeks partnerships or acquisitions in its core Latin American markets.



graphical user interface: A pedestrian walks past the Julius Baer Group Ltd. headquarters office in Zurich, Switzerland, on Monday, July 23, 2018. Julius Baer, Switzerland's third-largest wealth manager, stepped up the hiring pace in the first half as Chief Executive Officer Bernhard Hodler pushes to sustain growth rates achieved by his predecessor.


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A pedestrian walks past the Julius Baer Group Ltd. headquarters office in Zurich, Switzerland, on Monday, July 23, 2018. Julius Baer, Switzerland’s third-largest wealth manager, stepped up the hiring pace in the first half as Chief Executive Officer Bernhard Hodler pushes to sustain growth rates achieved by his predecessor.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” Beatriz Sanchez, the bank’s head of the Americas, said in a virtual interview from Switzerland.

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Julius Baer has closed or sold four offices in the Americas since 2019, but is growing in Brazil, Mexico,

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