View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 4, 2020

Julius Baer expects deal restrictions will be withdrawn next year

Swiss private banking group Julius Baer is eyeing new acquisitions as it expects that the restrictions imposed on the company will be withdrawn next year.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

In February this year, Switzerland’s financial regulator FINMA barred the banking group from making major acquisitions after it found lapses in Julius Baer’s anti-money laundering (AML) controls.

The restrictions will remain in place until Julius Baer implements remedial measures.

A FINMA-appointed auditor is set to review the bank’s AML compliance next year, following which, it expects that the restrictions will be lifted.

Reuters reported that in an interview to Swiss financial publication themarket.ch, Julius Baer CEO Phillipp Rickenbacher said: “The requirement will be reviewed next year and based on the measures we have taken, I am confident that we will be able to lift restrictions in 2021.

“Acquisitions have been one of our strengths in the past. They have made us the global bank that we are today, and acquisitions will continue to play a role in the future: We are open to big, transformational acquisitions.”

Recently, it was reported that Julius Baer is planning to launch a majority-owned wealth management joint venture (JV) business in China.

Currently, the company is looking for a local partner, which is expected to be finalised next year.

If launched, the Swiss firm will be the first major private banking group to launch its wealth management JV in China.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International