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China : JULIUS BAER GROUP enters into cooperation agreement with BANK OF CHINA.

Julius Baer Group Ltd announced that it has inked a strategic collaboration deal with Bank of China (BOC) to mutually cross-refer clients as well as undertake various joint marketing activities.

Under the deal, BoC will pass on customers to Julius Baer requiring international private banking outside the Chinese Mainland, on the other hand, Julius Baer s clients needing banking services will be referred to BoC.

Both the companies stated that they are also planning to cooperate in product distribution and financial market research as well as certain

joint initiatives as well as investment conferences.

The cooperation with Bank of China will lead Julius Baer to partner with one of the top players in Chinese Mainland and internationally, said Julius Baer chief executive Boris Collardi, In addition, in future the partnership offers the potential for Julius Baer to gain further access to Chinese Mainland, one of the world s most important and fastest-growing wealth markets.

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Publication:Mena Report
Date:Jul 26, 2012
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