Julius Baer announced on Monday that it has agreed to sell Wergen & Partner Wealth Management to its management.
Julius Baer, which bought Zurich-based Wergen in February 2017, said the firm has always been profitable and has more than doubled its assets under management, but could not provide specific data.
The acquisition price for the agreement, which is slated to finalize in the first quarter of 2022, was agreed upon by the parties.
