Julius Bär acquires stake in China’s Grow Investment Group

21 September 2022 11:11

Related partners

Zurich CCGreater ZurichSwissCham Hong Kong

Related partners

Zurich CCGreater ZurichSwissCham Hong Kong

Supporting partner

Zurich/Shanghai - Zurich private bank Julius Bär has acquired a strategic stake in Grow Investment Group from China. Through this cooperation, their clients will gain access to the products of the respective other partner.

Julius Bär is taking a first step into onshore China: The Zurich private bank has become a strategic investor and business partner of Grow Investment Group with a low double digit million US dollar equity investment.

It was founded in Shanghai in June 2021. According to a Julius Bär press release, Grow is led by an “award-winning team of senior investment professionals with a proven, top-performing track record and a strong history of building innovative and market-leading investment and distribution platforms”.

The partners will jointly establish a distribution network in China so that Grow’s domestic clients will gain access to selected Julius Bär offerings. In return, Julius Bär’s global clients will gain access to Grow’s local investment expertise and assets via Qualified Foreign Institutional Investor products.

Davis Shick, Head of Greater China at Julius Bär, said that this partnership is “unprecedented “: “We are convinced that the opportunities in the sector in China are bright, and we are looking forward to gaining visibility and bringing our best-in-class solutions and expertise to Chinese clients.” mm

Supporting partner

Swiss Pavilion Digital