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Julius Bär to collaborate with Union Investment

Julius Bär employs 2,400 staff globally

(Keystone)

The Zurich-based private bank, Julius Bär, and the German investment group, Union Investment, have signed a cooperation agreement for the asset management of investment funds.

The partners also said they did not rule out collaborating on other ventures.

The new product will be developed jointly and will be available on the Swiss and German markets through Union Investment group, with market launch scheduled for January 2002.

Union Investment is Germany's third-largest capital investment company in investment funds, with DM116 billion (SFr87 billion) of mutual fund assets under management. Julius Bär manages funds valued at up to SFr141 billion, and employs 2,400 staff.

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