Nomura buys 40% stake in Julius Baer

Julius Baer

Japanese investment banking giant, Nomura said it has entered into a strategic alliance with Swiss wealth management major, Julius Baer.

Under the agreement, 40 percent shareholding in Julius Baer Wealth Management Ltd. (JBWM). As a result, Julius Baer will introduce JBWM’s bespoke discretionary mandate services to Nomura’s high net worth client base in Japan. In doing so, Nomura will complement its comprehensive domestic product offering with JBWM’s tailor-made international mandate services.

JBWM specialises in the provision of discretionary investment services for Japan-based clients with a successful 20-year track record. The portfolio management team, based in Zurich, provides discretionary mandate services via its senior relationship management professionals in the Tokyo office. The investment process pays particular attention to currency risks, and the team has been adept at navigating market cycles, aiming to preserve client capital during times of financial market distress.

Upon completion of the transaction, JBWM’s name will be changed to Julius Baer Nomura Wealth Management Ltd. to underscore the strategic partnership.

Bernhard Hodler, CEO of Julius Baer Group Ltd., commented: “The strategic partnership with Japan’s premier securities firm represents a major milestone in our business strategy for Japan.

He added that “Global financial markets are becoming increasingly complex, requiring skilful risk management, which is at the core of our offering in Japan. Working together with Nomura and its comprehensive domestic network and knowledge, we can best share our internationally diversified offering with a new audience and maximise the value of our presence in Japan.”