According to reports, Bank Julius Baer is one of the bidders for the private banking business of the British Barclays in Asia. However, Zurich is not the only prospective.
Overall, apply the two Singaporeans houses DBS and OCBC and Julius Baer to the private banking business of the British Barclays Bank in Asia. This is through the new Group CEO in the reorganization Jes Staley be sold. The other reportedly the price for the business amounted to the equivalent of about 600 million francs.
This was reported by the news agency "Reuters" on Friday, without, however, naming specific sources. DBS and OCBC wanted to take a position to do so. A spokesman for Julius Baer told finews.ch : "Such market rumors, we do not comment. The fact that we are basically interested in acquisitions, is well known. "
The news comes in so far somewhat surprising since Julius Baer CEO Boris Collardi had spoken recently increased organic growth and less of another large acquisitions.
As reported earlier, the Asian private banking business of Barclays amounts to around 36 billion dollars. Until recently, it was under the leadership of the former Credit Suisse manager Didier von Däniken , but now the British competitor has changed Standard Chartered, as well finews.ch reported.