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Julius Baer takes over Merrill Lynch's IWM

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Staff writer ▼ | May 13, 2014
Julius Baer announces that the transfer of Merrill Lynch's International Wealth Management (IWM) business based in the Netherlands took place over the weekend.
Julius Baer
Julius BaerJulius Baer announces that the transfer of Merrill Lynch's International Wealth Management (IWM) business based in the Netherlands took place over the weekend.


Through this step, Julius Baer will gain a new foothold in another attractive wealth management market and has plans to further expand the business going forward.

Julius Baer, one of the leading pure-play global private banks, has acquired a well-established business in the Netherlands. Merrill Lynch has run wealth management activities in this market for more than 50 years shifting its focus to private banking and servicing high net worth individuals in the early 1990s.

During that time it has built a strong team of long-serving financial advisors as well as a broad domestic client base with a strong focus on entrepreneurs. Over the past years, the local team has succeeded in continuously growing the business.

Following a smooth preparation phase and thorough training programmes, the employees and client relationships of Merrill Lynch's private banking entity in the Netherlands transferred to the Julius Baer platform on 10 and 11 May 2014.


 

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