Wednesday, 1 April 2015
Last updated 8 hours ago
May 20 2009 | 1:04pm ET
Julius Baer Holding has decided to split its private bank and asset management business, including its GAM fund of hedge funds business, into two independent entities, both individually listed on the Swiss Exchange.
The private banking business will be listed under Julius Baer Group, while the asset management units, including GAM, Artio Global and Julius Baer Asset Management Europe, will be listed as GAM Holding. The split will be completed during the third quarter, subject to shareholder and regulatory approvals.
“In light of the challenges that many financial services business models are confronted with currently, we are convinced that both entities will benefit from their sharpened focus and the absence of competing interests, thus acting pro-actively in the best interest of all of our stakeholders,” said Raymond Baer, chairman of Julius Baer.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…