View more on these topics

Julius Baer to list Artio Global Investors

Julius Baer plans to list Artio Global Investors, a subsidiary formerly known as Julius Baer Americas, on the New York Stock Exchange later this year, depending on market conditions.

The Zurich-based group recently separated its private bank and asset management divisions, resulting in two distinct, independent companies.

Julius Baers GAM Holding division comprises GAM, Artio Global Investors and Julius Baer Asset Management Europe. Artio Global Investors is headquartered in America and provides portfolio management to intermediaries and institutions.

One lesson that banks should have learned from the banking crisis is that in-house products are often not competitive. They are forced to go for a more open-architecture platform, Stefan Angele, the managing director and head of investment management, said in Zurich this month. Clients will force their banks and advisers to go to more open platforms. [They are] the trend of the future.

Embedded in a much less complex environment, Julius Baer will continue to expand its international network and complete the shift of its services and product model towards an open-architecture philosophy, the group says.

Under the planned structure, GAM Holding will offer a broad, diversified range of equity and fixed income products.

Julius Baer, which recently opened its Russia fund to the British retail market, says investors can also expect a wider range of choices with the new structure. GAM recently strengthened its proposition by acquiring Augustus Asset Managers, a fixed income and currency investment specialist.

The trend towards consolidation and restructuring in the fund management industry continues to grow.

Last week Barclays announced it was selling off Barclays Global Investors, including iShares, its exchange traded fund (ETF) platform, to BlackRock. Aberdeens acquisition of Credit Suisse Asset Management is also nearing completion.

Advisers say banks have become so desperate to raise capital that they are now selling off the most profitable parts of their businesses.

Related Articles:
Julius Baer to open Russia fund
Julius Baer to spin off asset arm


FSA should have avoided panic over Keydata

Following the administration of Keydata last week, a number of concerns need to be raised regarding the way the news was communicated to advisers and the public.

Look past the present

Over the last year, there has been little escape from two key issues – the retail distribution review and the impact of the credit crunch.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm