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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
André Esteves has acquired Julius Baer Brazil, marking his third purchase of a Swiss financial institution. The deal comes as Julius Baer sought to stabilize its operations amid client withdrawals, with BTG Pactual purchasing the Brazilian business for approximately $100 million.
Stefan Bollinger is set to take over as CEO of Julius Baer, succeeding interim head Nic Dreckmann. In a significant move, BTG Pactual has been chosen as the preferred buyer for Baer's Brazilian operations, with André Esteves, a former UBS executive, leading the charge. Meanwhile, Rolf Olmesdahl is brought in to address IT challenges at Baer, as the bank faces critical weeks ahead with potential leadership changes in its Board of Directors.
Julius Baer is divesting its wealth management business in Brazil, announcing the sale to Brazilian investment bank BTG Pactual. The bank plans to submit a purchase offer this week, valuing the Brazilian unit at approximately 1 billion Brazilian real, or around 150 million Swiss francs.
BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
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BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Julius Bär Gruppe AG
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Alexander Busch
André Esteves
06:30 12.01.2025
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BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
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Nic Dreckmann
André Esteves
Stefan Bollinger
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07:51 07.01.2025
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BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Julius Bär Gruppe AG
BRA
07:37 07.01.2025
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