Nomura invests undisclosed amounts in Julius Baer subsidiary


Japan’s Nomura Holdings, Inc. today announced that it has completed the investment in Julius Baer Wealth Management Ltd. (JBWM), a wholly owned subsidiary of Julius Baer Group Ltd., which was announced on September 27, 2018.

Effective today, JBWM’s name has been changed to Julius Baer Nomura Wealth Management Ltd.

Nomura said it does not expect the investment to have a material impact on its consolidated results