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Julius Baer Group to sell Wergen & Partner Wealth Management Ltd in a management buyout

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As part of a review of its strategic participations, Julius Baer has decided to sell the Zurich-based Wergen & Partner Wealth Management Ltd, a member of the Group, to the management of Wergen & Partner. The parties have signed a corresponding agreement, according to which the transaction shall be completed in Q1 2022.

Zurich, 3 January 2022 – Julius Baer Group today announces that it has signed an agreement to sell all shares in Wergen & Partner Wealth Management Ltd to the management of the Zurich-based independent wealth manager. The transaction follows a review of the Group’s strategic participations and the conclusion that Wergen & Partner Wealth Management Ltd can develop best under the ownership of the existing and future management team.

Julius Baer acquired Wergen & Partner Wealth Management Ltd in February 2017. The company, which has always been profitable, has since developed successfully under the unchanged leadership with assets under management doubling.

The current Wergen & Partner team of six people will continue to independently serve the clients of Wergen & Partner Wealth Management Ltd that are booked with various custodian banks. The transaction is due to be closed in Q1 2022.

The parties have agreed not to disclose the purchase price.