All articles by Peter Johnstone

Peter Johnstone

Julius Baer acquires Merrill Lynch IWM business

Julius Baer has won the bid to buy Merrill Lynchs international wealth management business, with client assets worth $84bn, from Bank of America (BofA). The deal will make the Swiss private bank the worlds largest pure-play wealth manager and could increase its total assets under management to more than CHF250bn ($256bn).