Julius Baer has expanded its presence in the Middle East by gaining Merrill Lynch’s International Wealth Management arms in Lebanon, Bahrain and the UAE writes Patrick Brusnahan.
These moves will strengthen Julius Baer’s position in the Middle East’s wealth management market, gaining new footholds in Beirut and Manama. Moreover, it improves its existing presence in Dubai with two new offices, one in the domestic market and one in the freezone of the Dubai International Financial Centre.
Go deeper with GlobalData
Remy Bersier, member of the executive board of Julius Baer and head of southern Europe, Middle East and Africa, said: "I very much look forward to welcoming the new colleagues and clients. Gaining new footholds in the Middle Eastern markets of Lebanon and Bahrain and strengthening our existing Dubai presence is an important step for us and will enable us to further expand our footprint in this key growth region."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
