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Julius Baer Spins Off Wealth Business Via MBO

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Editorial Staff, 6 June 2022

Julius Baer, which operates in a number of jurisdictions, said the MBO was part of a process to simplify its portfolio of businesses.

Julius Baer, which is slimming down its range of businesses, said last week that it is spinning off Fransad, a Swiss wealth management group, via a management buyout.

The transaction was carried out on 1 June, Zurich-listed Julius Baer said in a statement.

While, as a result of the transaction, Fransad will no longer belong to the Julius Baer Group, both parties will maintain a partnership going beyond traditional custodian services, it said. 

Founded in 2010 in Geneva, Fransad manages around SFr1.5 billion ($1.45 billion) of assets. The company has partnership agreements with several Swiss and international custodian banks and offers wealth management solutions tailored to the needs of high net worth individuals and entrepreneurs. It employs around 20 people, including 10 relationship managers.