Julius Baer rates Italy as high growth centre

Swiss private bank Julius Baer has opened its
first office in Rome, its second in Italy since 2005.

Julius Baer SIM chairman Fabrizio Rindi said
Italy was one of the wealth management markets with the highest
potential for growth in Europe.

The bank has had an office in Milan since
2005, after it acquired the Italian unit of rival UBS, Banco di
Lugano.

Further expansions in
Italy

Julius Baer said that it wants to further
expand in Italy and provide investment advice and wealth management
for clients from the centre and south of Italy.

The expansion in Italy is part of the bank’s
overall strategy to strengthen its network in markets that are
attractive for wealth management, such as the Middle East.

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