Julius Baer acquires stake in China-based Grow investment group

SWISS wealth manager Julius Baer said on Wednesday it was making a low-double-digit-million US dollar equity investment in Grow, a China-based domestic asset management company.

“With this partnership, Julius Baer takes a first step into onshore China and at the same time, Grow’s clients will gain access to Julius Baer’s global investment expertise,” the Swiss bank said in a statement. REUTERS