Shareholders of Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, approved the bank’s 2013 remuneration report in a non-binding vote, after the company revised its compensation policy.
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said he aims to reach a settlement this year with the U.S. Department of Justice amid a probe into Swiss banks helping Americans evade taxes.
Julius Baer Group Ltd., Switzerland’s third-biggest wealth manager, said profit fell last year as it absorbed Merrill Lynch businesses acquired from Bank of America Corp. Its shares slumped the most in 17 months.
Julius Baer Group Ltd., the Swiss wealth manager founded in 1890, fell the most in three months in Zurich trading after saying it expects to pay a fine to resolve tax matters with the U.S. and as profit declined 27 percent.
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said Bank Sarasin & Cie. AG meets his acquisition criteria and a takeover would produce “synergies,” Le Temps reported, citing an interview with the CEO.
Julius Baer Group Ltd. , the 120- year-old Swiss private bank, expects to double the portion of staff in Asia as it taps an “increasingly important” market for expansion, Chief Executive Officer Boris Collardi said.