Printer Friendly

Julius Baer's US asset manager to go public.

Global Banking News-9 September 2009-Julius Baer's US asset manager to go public(C)2009 ENPublishing - http://www.enpublishing.co.uk

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 gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Sep 9, 2009
Words:185
Previous Article:India's IDBI Bank aims to raise up to INR5bn via bonds.
Next Article:ING Vysya raises about INR2.30bn via share sale.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters