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24th July 2012
Julius Baer and Bank of China strategic collaboration
Julius Bär and Bank of China announced a strategic collaboration. The deal involves referral of customers and the integration of Bank of China (Suisse) SA into Julius Bär.
Bär will refer customers requiring banking services in mainland China to Bank of China with Bank of China referring clients with needs outside of China to Julius Bär. Longer terms the two expect to cooperate on research and selected product distribution.
Boris F.J. Collardi, CEO of Julius Baer, commented on the partnership with BOC: “The cooperation with Bank of China will lead Julius Baer to partner with one of the top players in Chinese Mainland and internationally. In addition, in future the partnership offers the potential for Julius Baer to gain further access to Chinese Mainland, one of the world’s most important and fastest-growing wealth markets.”
Li Lihui, Vice Chairman and President of Bank of China, added: “Our international private clients have become much more demanding in recent years. Julius Baer is for us an outstanding partner, our cooperation can better serve the needs of our clients with private banking requirements. The cooperation with Julius Baer instantly complements our existing private banking capabilities.”
