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Nomura to buy 40% stake in Julius Baer’s Japan business, gain access to DPM capabilities

Nomura will purchase a 40% stake in Julius Baer’s Japan wealth management business and gain access to its discretionary portfolio management (DPM) capabilities, with plans to rename the Swiss pure play ‘Julius Baer Nomura Wealth Management’ to underline the strategic partnership. Nomura-Julius Baer tie-up to enable DPM asset growth According to a press release, Nomura will be able to leverage from…

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