Julius Baer enters into a partnership with a Chinese wealth manager.
tsf. The private bank Julius Baer becomes a strategic investor and business partner of the Chinese asset manager Grow (Grow Investment Group). With this partnership, it is taking a first step towards onshore China, the bank announced on Wednesday. At the same time, Grow’s clients should have access to Julius Baer’s global investment expertise.
Julius Baer is investing in the low double-digit million dollar range in the company, which was founded in Shanghai in 2021. Together they want to set up a distribution network to give Grow’s domestic customers access to selected Julius Baer products. At the same time, Julius Baer clients have access to local investment knowledge and assets from the Chinese partner.
Swiss stock exchange SIX commits to net zero by 2050
lia. The financial service provider SIX wants its CO2-Reduce emissions to zero by 2050. It announced this on the occasion of “Zero Emissions Day” (each on September 21). SIX has also joined the Science-Based Target Initiative (SBTi). This globally operating organization, which emerged from a partnership between the Carbon Declaration Project (CDP), the UN’s Global Compact, the World Resource Institute and the WWF, verifies companies’ emission reduction targets based on the latest scientific findings and supports the companies in the implementation of the goals. By joining, SIX wants to guarantee that the goals are in line with the Paris Agreement. The specifications and goals of the SBTi would be taken as a benchmark by many other climate initiatives.