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Name | Symbol | Market | Type |
---|---|---|---|
Julius Baer Group Ltd (PK) | USOTC:JBAXY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.125 | -1.11% | 11.135 | 11.11 | 11.16 | 11.16 | 11.02 | 11.04 | 98,325 | 20:55:45 |
By Nathan Allen
Julius Baer Gruppe AG (BAER.EB) said Thursday that it will enter a joint venture with Siam Commercial Bank PCL (SCB.TH) to provide wealth-management services to customers in Thailand.
Julius Baer will initially hold 40% in the joint venture, with the option to increase its stake to 49% over time, the company said.
The move will give Julius Baer access to the fast-growing Thai wealth market, which is currently valued at around $300 billion, the company said.
Neither company disclosed financial deals and the joint venture is subject to regulatory approvals.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
March 08, 2018 01:18 ET (06:18 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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