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Julius Baer overtakes rivals in bid for Merrill Lynch Wealth Management’s non-US business

Boutique Swiss bank Julius Baer has overtaken rivals Credit Suisse and UBS in a bid for Merrill Lynch Wealth Management’s Asia and other non-US business, sources close to the deal confirmed to Asian Private Banker this morning. The deal is believed to be valued at slightly lower than the US$3billion Merrill Lynch had hoped to garner from the sale, however…

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