Julius Baer Singapore Ends Dispute on Share Accumulator
The High Court of Singapore has dismissed the case in which two former clients of Julius Baer were seeking a SGD 94 million & HKD 186 million claim for damages and losses incurred by the bank resulting from share accumulator transactions in 2007 & 2008.
The former clients of Julius Baer Singapore had filed the writ of summons with the court in 2013.
News Source: Julius Baer Press Release
About Julius Baer
Julius Baer Group (SIX:BAER) is the leading Swiss private banking group, which origins date back to 1890. Recognising the importance of Zurich as a centre of international trade, Julius Baer, founder and namesake of the Group, opened shop on Zurich’s famous Bahnhofstrasse in the 1890s. What initially started small, rapidly expanded into wealth management and securities and FX trading – business activities that still remain at the core of the Julius Baer Group today.
- Origin : Zurich, Switzerland
- Assets : CHF 84.12 billion
- Revenue : CHF 2.69 billion
- Employees : 5,364
Official Website: www.juliusbaer.com
News & Media: Press Release
Updated on 8th August 2016