Swiss private bank Julius Baer and Nomura have entered into a strategic partnership, with Nomura acquiring a 40% shareholding in Julius Baer Wealth Management Ltd. (JBWM).
As a result of this, Julius Baer will introduce JBWM’s discretionary mandate services to Nomura’s high net worth client base in Japan. In doing so, Nomura will complement its comprehensive domestic product offering with JBWM’s tailor-made international mandate services.
The portfolio management team, based in Zurich, provides discretionary mandate services via its senior relationship management professionals in the Tokyo office. The investment process pays particular attention to currency risks, and the team has been adept at navigating market cycles, aiming to preserve client capital during times of financial market distress.
Upon completion of the transaction, JBWM’s name will be changed to Julius Baer Nomura Wealth Management Ltd. to underscore the strategic partnership.
Bernhard Hodler, CEO of Julius Baer, commented: “The strategic partnership with Japan’s premier securities firm represents a major milestone in our business strategy for Japan. Global financial markets are becoming increasingly complex, requiring skilful risk management, which is at the core of our offering in Japan. Working together with Nomura and its comprehensive domestic network and knowledge, we can best share our internationally diversified offering with a new audience and maximise the value of our presence in Japan.”