Julius Baer Weighs Opening U.S. Business, Buying LatAm Firms
- Sanchez says her job requires a serious look at U.S. platform
- Wealth manager focusing on Brazil, Mexico, Colombia, Chile
The Julius Baer Group Ltd. headquarters in Zurich, Switzerland.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Julius Baer Group Ltd. is deciding whether to start a wealth-management business in the U.S. as it seeks partnerships or acquisitions in its core Latin American markets.
“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” Beatriz Sanchez, the bank’s head of the Americas, said in a virtual interview from Switzerland.