Zurich (awp) – Julius Bär has taken a stake in Shanghai-based Chinese asset manager Grow Investment Group. The investment is in double digits “in millions” of dollars, said the Zurich bank’s press release on Wednesday.
The Zurich bank wants to give access to some of its products to the Chinese company’s clients, while Julius Bär’s clientele will have access to Grow’s investment expertise in the Middle Kingdom.
“The cooperation between Grow and Julius Bär will undoubtedly create value for these customers and support our growth plans in this important market,” commented David Shick, Head of Greater China Region at Julius Bär.
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