Julius Baer to centre European operations in Luxembourg
Swiss private banking group with CHF354.7 billion (€321.27 billion) in assets under management to shift focus from Frankfurt, according to CEO.
Julius Baer, a Swiss private banking group with CHF354.7 billion (€321.27 billion) in assets under management, will make Luxembourg the centre of its European operations, Chief Executive Boris Collardi told Bloomberg TV on July 24.
"Frankfurt is for us today number one, but that will become number two," Collardi said.
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