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Julius Baer raises profile in Brazil, increases stake in wealth manager GPS to 80%

Julius Baer’s ambitious growth plans continue apace, this time in Latin America as the bank increases its stake in GPS, Brazil’s largest independent wealth manager, to 80%. Julius Baer first acquired 30% of the Sao Paulo-based wealth manager in May 2011 and, with the additional 50%, the Swiss pure-play hopes to become a force to be reckoned with in a…

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