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Julius Baer Gruppe AG (BAER.S)

BAER.S on Virt-X Level 1

41.98CHF
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Julius Baer Gruppe makes 300 mln Sfr bond placement
Wednesday, 5 Jun 2019 10:50am EDT 

June 5 (Reuters) - Julius Baer Gruppe AG say::SUCCESSFULLY PLACED ADDITIONAL TIER 1 BOND IN A 300 MILLION SFR TRANSACTION, MOSTLY WITH PRIVATE BANKS AND INSTITUTIONAL INVESTORS IN SWITZERLAND.NEW SECURITIES CARRY A COUPON OF 2.375% PAYABLE ANNUALLY AND HAVE A FIRST RESET DATE ON 25 SEPTEMBER 2025 OR ON EACH COUPON DATE THEREAFTER.  Full Article

Julius Baer - Subsidiary Signed Partnership Deal With Fintech in Brazil
Thursday, 2 May 2019 01:01am EDT 

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.  Full Article

Julius Baer Chairman Sauter Says Departure Had Been In Planning For One And A Half Years
Wednesday, 10 Apr 2019 05:06am EDT 

By Brenna Hughes Neghaiwi:JULIUS BAER CEO SAYS BANK'S INTERNAL INVESTIGATION PROVIDED NO INDICATIONS THAT FORMER EMPLOYEE MATTHIAS KRULL'S CRIMINAL ACTIVITY OCCURRED WITHIN JULIUS BAER GROUP OR THAT OTHER EMPLOYEES WERE INVOLVED.JULIUS BAER CHAIRMAN SAUTER, RESPONDING TO QUESTION OVER TIMING OF HIS DEPARTURE, SAYS THIS HAD NOTHING TO DO WITH SWISS FINANCIAL MARKET SUPERVISOR AND HAD BEEN IN PLANNING FOR ONE AND A HALF YEARS.  Full Article

Julius Baer says U.S. court formally dismissed cross-border legacy charges
Wednesday, 6 Feb 2019 10:25am EST 

Feb 6 (Reuters) - Julius Baer Gruppe AG says::IT HAS RESOLVED ITS DEFERRED PROSECUTION AGREEMENT (DPA) WITH U.S. DEPARTMENT OF JUSTICE TO SETTLE ITS LIABILITY IN CONNECTION WITH ITS LEGACY U.S. CROSS-BORDER PRIVATE BANKING BUSINESS.U.S. FEDERAL COURT IN NEW YORK FORMALLY DISMISSED THE CHARGES AGAINST BAER, THEREBY TERMINATING THE DPA.  Full Article

Julius Baer CEO: "bad apples" discovered in customer compliance review have been let go
Monday, 4 Feb 2019 05:13am EST 

By Brenna Hughes Neghaiwi:CEO SAYS M&A POSSIBLE TO GROW IN CORE AND STRATEGIC DEVELOPING MARKETS.CEO SAYS THERE WILL BE REDUNDANCIES INVOLVED IN CUTTING WORKFORCE BY 2 PERCENT IN 2019; CANNOT PROVIDE NUMBERS ON HOW MANY WILL BE LAID OFF.CEO SAYS COST CUTS HAVE TO DO WITH DIFFICULT MARKET ENVIRONMENT, NOT OVER-AGGRESSIVE GROWTH UNDER PREDECESSOR COLLARDI IN PRIOR YEARS.CEO SAYS MONEY LAUNDERING ONE OF THE BIGGEST RISKS FOR WEALTH MANAGERS ACROSS THE MARKET.CEO SAYS "BAD APPLES" DISCOVERED IN COMPANY'S COMPLIANCE AND DOCUMENTATION REVIEW PROJECT WERE LET GO, SAW RELATED OUTFLOWS.  Full Article

Julius Baer CEO says group unlikely to reach cost-income ratio below 68 pct in 2019
Monday, 4 Feb 2019 02:01am EST 

Feb 4 (Reuters) - Julius Baer Gruppe AG ::CEO SAYS UNLIKELY GROUP WILL REACH COST-INCOME RATIO BELOW 68 PERCENT IN 2019 ALREADY.CEO SAYS WITH REGARDS TO 2019 START: EXCHANGE RATES ARE IN OUR FAVOUR.CEO SAYS CLIENT ACTIVITY SINCE BEGINNING OF YEAR HAS BEEN HIGHER THAN IN NOVEMBER AND DECEMBER, BUT NOT YET AT LEVEL SEEN IN FIRST HALF OF 2018.  Full Article

Julius Baer could make small or medium-sized acquisitions with own resources
Monday, 23 Jul 2018 04:15am EDT 

July 23 (Reuters) - Julius Baer Gruppe AG ::JULIUS BAER CEO SAYS EXPECTS THE MARKET ENVIRONMENT TO REMAIN CHALLENGING IN SECOND HALF OF YEAR.JULIUS BAER CEO SAYS CONFIDENT THAT NET NEW MONEY WILL FURTHER GROW WITHIN TARGET RANGE.JULIUS BAER CEO SAYS COULD MAKE SMALL OR MEDIUM SIZED ACQUISITIONS WITH ITS OWN RESOURCES.JULIUS BAER CEO SAYS DOESN'T RULE OUT LARGER ACQUISITIONS.  Full Article

Julius Baer,Siam Commercial Bank start wealth management joint venture
Wednesday, 7 Mar 2018 09:00pm EST 

March 7 (Reuters) - Julius Baer ::AT INCEPTION, JULIUS BAER WILL HOLD 40% IN JOINT VENTURE, WITH OPTION TO INCREASE TO 49% OVER TIME.  Full Article

Julius Baer CEO: feel strong support from board & exec team in new role
Wednesday, 31 Jan 2018 04:51am EST 

Jan 31 (Reuters) - Julius Baer Gruppe Ag ::JULIUS BAER CEO SAYS CONFIDENT CAN IMPROVE COST/INCOME RATIO IN 2018‍​.JULIUS BAER CEO SAYS REGARDING WHETHER WILL REMAIN IN ROLE LONG-TERM: FEEL STRONG SUPPORT FROM BOARD OF DIRECTOS AND COLLEAGUES IN THE EXECUTIVE MANAGEMENT.JULIUS BAER CEO SAYS VOLATILITY COMING BACK A BIT SO FAR THIS YEAR, SATISFIED WITH ACTIVITY LEVELS SEEN IN THE FIRST MONTH OF THIS YEAR.JULIUS BAER CEO SAYS DON'T SEE RELATIONSHIP MANAGERS LEAVING FOR PICTET.JULIUS BAER CEO SAYS WELL UNDERWAY WITH TEMENOS CORE BANKING ROLL-OUT.JULIUS BAER CEO SAYS EXPECT TO ACHIEVE NET NEW MONEY WITHIN 4-6 PERCENT TARGET RANGE IN 2018 (COMPARED TO EXCEEDING .  Full Article

Julius Baer chairman says Collardi quit over weekend, says resignation is 'always sudden'
Monday, 27 Nov 2017 02:20am EST 

Nov 27 (Reuters) - Julius Baer Gruppe Ag ::NEW CEO SAYS YOU CANNOT EXPECT MAJOR CHANGES IN THE STRATEGY; 'I STAND FOR CONTINUITY'.CHAIRMAN SAYS HODLER IS APPOINTED AS CEO FOR THE FORESEEABLE FUTURE.CHAIRMAN SAYS COLLARDI RESIGNED OVER THE WEEKEND, SAYS RESIGNATION IS 'ALWAYS SUDDEN'.  Full Article

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

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