Nomura Completes Investment in Subsidiary of Julius Baer Group

The Japanese firm now holds a 40 percent stake in Julius Baer Wealth Management Ltd.

Nomura Holdings, Inc., has completed its investment into Julius Baer Wealth Management Ltd. (JBWM), the Japanese financial holding company announced this Thursday. Now the Japanese firm holds a 40 percent stake in JBWM, which is a wholly owned subsidiary of the Julius Baer Group Ltd. (JBG), a major Swiss private bank.

The other 60 percent of the company is owned by the JBG. Now that the transaction has been completed, JBWM has been renamed to Julius Baer Nomura Wealth Management Ltd. According to the statement released by the Japanese company today, it reiterates that it does not expect this investment to have a material impact on its consolidated results.

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The transaction was originally announced on September 27, 2018, as Finance Magnates reported, with Nomura revealing it will invest seven million francs ($7 million) in the unit.

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Nomura to Offer Discretionary Investment Services for Its Clients in Japan

JBWM, now Julius Baer Nomura Wealth Management Ltd., is a provider of discretionary investment services for clients in Japan. The firm’s portfolio management team is based in Zurich, Switzerland and provides these services with the help of the company’s senior relationship management professionals in the firm’s Tokyo office.

The deal was initiated because Nomura is experiencing an increasing demand among its high net worth clients for diversification opportunities. Under the agreement, the Japanese firm will now offer the discretionary investment services provided by Julius Baer Nomura Wealth Management Ltd. for its own clients in Japan.

Back in September, Julius Baer Chief Executive Officer Bernhard Hodler said in a statement: “The strategic partnership with Japan’s premier securities firm represents a major milestone in our business strategy for Japan.”

By working with the company, “we can best share our internationally diversified offering with a new audience and maximize the value of our presence in Japan,” he said.

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