Julius Baer's US asset manager to go public.
Global Banking News - 09 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Swiss private bank Julius Baer Holding AG (BAER.VX) has said that its US-based asset manager Artio Global Investors Inc would list its shares on the US stock market.
Artio Global is expecting to price and complete the initial public offering on September 30. The unit will use the net proceeds, in part, to buy back shares from its holders Julius Baer, chief executive Richard Pell and Rudolph-Ria Younes, Artio's head of international equity.
Goldman Sachs Group Inc (NYSE: GS) is serving as sole global coordinator and bookrunner while Merrill Lynch (NYSE: MER) (OOTC: MERIZ) and Pierce, Fenner & Smith Incorporated are acting as co-lead managers. Deutsche Bank AG (NYSE: DB) (DBK.DE), UBS AG (UBS) (NYSE: UBS) (ZHR: UBSN) (UBSN.VX) and Keefe, Bruyette & Woods Inc are co-managers.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications - http://www.m2.com))