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Nomura Buys Stake in Julius Baer Unit to Serve Wealth Japanese

Jan-Henrik Foerster
Nomura Buys Stake in Julius Baer Unit to Serve Wealth Japanese

Nomura Holdings Inc. agreed to buy 40 percent of Julius Baer Group Ltd.’s unit that targets wealthy individuals in Japan as part of a strategic partnership. Nomura will invest 7 million francs ($7 million) in the unit, which will be called Julius Baer Nomura Wealth Management once the deal has been completed. As part of the agreement, Julius Baer will offer discretionary mandates to Nomura’s ultra-rich Japanese clients.