Julius Baer Group sells Wergen & Partner Vermögensverwaltungs
Schellenberg Wittmer advises Julius Baer Group on its sale of Wergen & Partner Vermögensverwaltungs, a member of the Julius Baer Group, to the management of Wergen & Partner Vermögensverwaltungs. The parties have signed a corresponding agreement, pursuant to which the transaction shall be completed in the first quarter of 2022.
Julius Baer took over Wergen & Partner Vermögensverwaltungs in 2017. The always profitable company has since been successful under unchanged leadership with assets under management doubling. The existing six-person Wergen & Partner team will work at various custodian banks continue to look after booked customers of Wergen & Partner Vermögensverwaltungs independently.
The team of Schellenberg Wittmer consisted of partner Pascal Hubli (pictured) and Elia Claude Schunck (both corporate/m&a).
