As per the terms of the collaboration agreement, all clients of BOC in need of international private banking will be referred to Julius Baer while the latter’s clients requiring banking services will be referred to BOC.
Under the agreement, both parties will also perform product distribution and financial market research as well as undertake certain joint initiatives including investment conferences.
Additionally, Bank of China (Suisse) will be integrated into Julius Baer.
Commenting on the partnership, Julius Baer CEO Boris Collardi said the cooperation with BOC will lead the Swiss bank to partner with one of the major players in Chinese Mainland and internationally.
"In addition, in future the partnership offers the potential for Julius Baer to gain further access to Chinese Mainland, one of the world’s most important and fastest-growing wealth markets," Collardi added.
