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Julius Baer and Bank of America Merrill Lynch: shaking up the world order of global wealth managers?

Julius Baer has agreed to acquire Merrill Lynch's non-US wealth management operations from Bank of America. The deal is sizable, seeing Julius Baer boost AUM by around 40%, and could see it edge into the top 10 largest wealth managers globally. Despite the divestment, Bank of America is set to remain as the third largest wealth manager in the world, thanks to its significant US operations.

Published By Datamonitor
15 Aug 2012

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