May 2, 2019 / 5:16 AM / 2 months ago

BRIEF-Julius Baer - Subsidiary Signed Partnership Deal With Fintech in Brazil

May 2 (Reuters) - Julius Baer Gruppe AG:

* GPS, A BRAZILIAN COMPANY OF JULIUS BAER GROUP, HAS SIGNED A PARTNERSHIP AGREEMENT WITH FINTECH MAGNETIS IN BRAZIL

* GPS WILL ACQUIRE A MINORITY STAKE IN MAGNETIS, WHICH MANAGES BRL 250 MILLION IN AUM, FOR AN UNDISCLOSED AMOUNT

* PARTNERSHIP AGREEMENT UNDERLINES JULIUS BAER’S CLEAR STRATEGIC COMMITMENT TO SMART AND FOCUSED MARKET COVERAGE

* PARTNERSHIP WILL ALLOW JULIUS BAER TO CAPITALISE ON GROWING MARKET OF UPCOMING YOUNGER TECH-CONSCIOUS INVESTORS IN ONE OF ITS CORE MARKETS Source text for Eikon: Further company coverage: (Berlin Speed Desk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below