M and A
Julius Baer Forms Committee To Integrate Merrill Lynch's Non-US Wealth Business
Swiss private bank
Julius Baer has formed a global
advisory committee of former Merrill Lynch executives to support
the bank in integrating
Merrill Lynch’s non-US wealth management business.
The committee is designed to focus on how the Julius Baer and Merrill Lynch businesses - Julius Baer bought the ML arm last August - can be combined smoothly.
The bank plans to complete the integration by
2014.
The five committee members are: Winthrop Smith, former executive
vice president of Merrill Lynch & Co and chairman
of Merrill Lynch International; Alfred
Berger, former chairman of Merrill Lynch Bank (Suisse) and
Merrill Lynch
Capital Markets; Jose Malbran, former
chairman of Merrill Lynch’s Latin America, Europe, Middle East
and Africa
private client group and Merrill Lynch International Bank;
Raymundo Yu, former chairman for Asia-Pacific at Merrill Lynch
International and current chairman for Asia-Pacific for
Threadneedle Investments; and Makram
Zaccour, former chief executive of Merrill Lynch in the Middle
East. Between
them they have over 180 years of experience with Merrill Lynch.
The committee
will be jointly chaired by Julius Baer chief executive, Boris
Collardi, and Smith.
