Julius Bär to separate its Private Banking and Asset Management businesses into two independent listed companies
On May 20, 2009 Julius Bär announced its intention to separate its Private Banking and Asset Management businesses into two independently listed companies. The Private Banking will include all activities to be grouped and listed under Julius Bär Group Ltd., while for the Asset Management GAM, Artio Global and Julius Bär Asset Management Europe will be combined into listed GAM Holding Ltd. The transaction is expected to be completed during the third quarter 2009, subject to shareholder and regulatory approvals.
Lenz & Staehelin advises Julius Bär in this transaction, in particular in respect of Corporate, Regulatory, Tax and Capital Markets aspects. The team is comprised of Rudolf Tschäni (Corporate), Patrick Schleiffer (Capital Markets), Matthias Wolf (Corporate), Heini Rüdisühli (Tax), Stephan Erni (Corporate, Regulatory), Patrick Hünerwadel and Marcel Tranchet (Banking & Finance).