Under the agreement, Julius Baer will refer its clients’ investment banking transactions to Macquarie, while Macquarie will refer its clients who require private banking services to Julius Baer.
Additionally, Macquarie’s Asian Private Wealth business will be transferred to Julius Baer.
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Julius Baer CEO Boris Collardi said this is another important step to expand Julius Baer’s footprint in the world’s most important growth region, underlining their commitment to Asia as their second home market.
"I am convinced that the cooperation will be highly beneficial for both partners and our clients," Collardi added.
Macquarie has approximately 10,000 staff in 26 locations across the Asia-Pacific region. In recent years Macquarie has been a manager on some of the largest IPOs in Asia, including the listing of Agricultural Bank of China.
Macquarie Private Wealth Asia has offices in Singapore and Hong Kong and manages total client assets of around US$1 billion.
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