1/9/2024 0 Comments Julius baer private bank![]() ![]() Morgan and Societe Generale Corporate & Investment Banking.įor more information, visit Contacts: / +852 3905 1030 The company is backed by AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. In addition to web-based interface, Contineo provides access through a set of FIX and REST application programming interfaces (APIs).Ĭontineo Limited, headquartered in Hong Kong, is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. This is a testament to our mission to bring greater efficiency to the industry and where Contineo innovates with an open standard everyone can benefit from.”Ĭontineo is currently registering private banks and implementing connectivity to multiple issuers, as well as working with certified technology companies who can also connect to the network. Mark Muñoz, Contineo Managing Director commented: “We are delighted to announce that Julius Baer will become a subscriber on our network. “We are pleased to join Contineo and to benefit from this industry backed initiative, as it aims to enhance the execution of equity-linked structured products in the Asia-Pacific region,” said Roger Meier, Head of Structured Products Sales Asia of Julius Baer. The connection is expected to help Julius Baer speed up the pricing and order process for structured products. Julius Baer will use Contineo’s web-based interface to access multiple-issuers of structured products starting in July this year in Asia. Morgan and Societe Generale.Hong Kong, March 6, 2015:Ĭontineo, the fastest growing and first industry-backed open messaging network for equity-linked structured products in Asia, announced today its newest buy-side subscriber, Bank Julius Baer, the leading Swiss private banking group. Thanks to the group’s position as the leading Swiss private bank with a global reach and the great cooperation with the colleagues of the existing local franchise in Luxembourg, I am convinced that our clients will benefit from the unique investment knowledge, exceptional client focus and the enhanced offering the combined businesses will be able to provide.Contineo continues growth with new buy-side client, Bank Julius Baer, joining the ranks of its existing sell-side subscribers, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. “Additionally, the Luxembourg banking licence and Cisal’s T24 platform and expertise offer clear benefits for the group as a whole.”įischer added: “My colleagues and I are excited to join Julius Baer. Cisal is a high-quality franchise, which will enable us to further expand our footprint in this important financial centre. Rossi, member of the executive board of Bank Julius Baer and head northern, central and eastern Europe, said: “I very much look forward to welcoming the new clients and colleagues to Julius Baer. The acquired Temenos T24 platform and the related IT expertise will add relevant experience to Julius Baer’s currently ongoing worldwide platform renewal project.Īt the same time, the newly acquired booking centre will present Julius Baer with further strategic flexibility for servicing its European clients. Platform bonusĪn additional benefit of the transaction is Cisal’s banking platform, which runs on the same system as Julius Baer’s target platform. The transaction significantly strengthens Julius Baer’s presence in Luxembourg, where the group is already active through its local entity Julius Baer Investment Services S.A R.L., and provides Julius Baer with a booking centre in this important European financial centre. ![]() Total restructuring and integration costs are estimated to amount to approximately €20m. The total consideration of €78m, which includes €35m of regulatory capital transferred as part of the transaction, was paid in cash. “The Luxembourg banking licence and Cisal’s T24 platform and expertise offer clear benefits for the group as a whole.” Price tag Thomas Fehr, former branch and country manager of Luxembourg for Commerzbank, will become chief operating officer and a member of the executive board of the bank in Luxembourg. Moving forward, the private bank will operate under the name Bank Julius Baer Luxembourg S.A., headed by Cisal’s former chief executive Falk Fischer. The acquisition, which was first announced in December 2015, closed on Monday. At the time of the acquisition, Cisal reported approximately €2.5bn (£2.1bn, $2.8bn) of assets under management and around 150 employees. ![]()
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