1. Wealth
October 20, 2009

EasyBourse: Julius Baer leaving US offshore services

By Spear's

ZURICH -(Dow Jones)- Julius Baer Group AG (BAER.VX) said Monday it has begun an exit from U.S. offshore financial services and is evaluating the possibility of opening an entity licensed by the U.S. Securities and Exchange Commission.

ZURICH -(Dow Jones)- Julius Baer Group AG (BAER.VX) said Monday it has begun an exit from U.S. offshore financial services and is evaluating the possibility of opening an entity licensed by the U.S. Securities and Exchange Commission.

“We have already initiated a phased exit from this business and continue to monitor the situation closely, including the possibility” of registering with the SEC, a spokesman for Julius Baer said, confirming a report in Sunday’s weekly Sonntagszeitung.

To read the full story, visit easybourse.com

Content from our partners
How Guernsey’s private trustee structures can protect assets 
Luštica Bay: The Adriatic's most coveted address
AI, growth and public policy: What is the future for Britain?

Websites in our network