It also plans to raise another 200 million francs in hybrid bonds. Julius Baer Bank (Bahamas) Ltd Banks (Offshore),Financial Services,Trust Companies & Services. Becker criticised dilution which he calculates to be 15 percent more shares and questioned how an unprofitable business can add to Baer’s earnings.īaer said it has 530 million francs in cash to help fund the deal but will also seek to raise 750 million francs in a rights issue, including 250 million francs to fund further potential buys. Bahamas Local search results for : Ferrier Lullin Bank.

Grob left the firm again in 1896 when at the same time Joseph Michael Uhl and Julius Bär joined. “To us, this looks like a defensive and value-destructive transaction,” said Dirk Becker of Kepler Capital Markets who rates the stock as a ‘hold’. is a Swiss private banking group which is the parent company of Bank Julius Baer, a traditional private bank based in Zurich, Switzerland.The firm dates itself back to 1890 when an exchange office was founded by Ludwig Hirschhorn and Theodor Grob.

At 0939 GMT the stock was down 5.6 percent at 33.44 francs, while the Stoxx Europe 600 banking sector index was up 0.4 percent. of three private banks Ehinger & Armand von Ernst AG, Ferrier Lullin & Cie SA.

The acquisition, the latest in a string of purchases for deal-hungry Baer, is the bank’s most assertive move since it bought Ehinger Armand von Ernst, Ferrier Lullin & Cie, BDL Banco di Lugano and asset manager GAM for 5.6 billion francs from UBS in 2005.īut the cost of the deal, including the new capital requirements, was taken badly by investors, who sent the shares sharply lower in early trading. Address: Ocean Centre, East Bay Street, Montague Foreshore Town: Nassau P.O. The Art Commission of Bank Julius Baer is launched on 25 August. The logo of Swiss private bank Julius Baer is seen at the company's headquarters in Zurich August 13, 2012.

Bank ferrier lullin