Julius Baer Acquiring Italy’s Alpha SIM
|May 26th, 2009||
|Julius Baer announced that it has signed an agreement to acquire Alpha SIM, a high net worth focused asset manager. According to the press release, Milan-based Alpha SIM will be merged with the company’s existing private client business in Milan. Alpha SIM currently has approximately $560 million of assets under management.
In the press release, Bernard Keller, Bank Julius Baer’s CEO of Italy and Southern Switzerland commented “Alpha SIM has a proven track record in providing excellent service and advice that is fully consistent with our strategy. This acquisition will significantly strengthen Julius Baer’s competitive position in the private client services segment in Italy and underscores our continued strong commitment to this important market.”
See Press Release