Nomura Completes Investment in Subsidiary of Julius Baer Group
Posted: Wed Nov 14, 2018 2:44 pm
Nomura Holdings, Inc., has completed its investment into Julius Baer Wealth Management Ltd. (JBWM), theJapanese financial holding company announced this Thursday. Now the Japanese firm holds a 40 per cent stake in JBWM, which is a wholly owned subsidiary of the Julius Baer Group Ltd. (JBG), a major Swiss private bank.
The other 60 per cent of the company is owned by the JBG. Now that the transaction has been completed, JBWM has been renamed to Julius Baer Nomura Wealth Management Ltd. According to the statement released by the Japanese company today, it reiterates that it does not expect this ... (read more)