The private banks will adopt the Julius Bär brand name. SBC Wealth Management includes three small private banks: Geneva-based Ferrier Lullin & Cie, Zurich-based Ehinger & Armand von Ernst and Lugano-based Banca di Lugano, as well as fund manager, GAM. With SFr270 billion in assets, the Bär group will become the country's largest institution concentrating solely on asset management and private banking.īär, the largest listed mid-sized bank in Switzerland, said it would fund the purchase mostly by a share issue, with UBS taking a 21.5 per-cent stake in the enlarged group. This content was published on Septem09:32 Septem09:32 UBS, Switzerland's biggest bank, has agreed to sell its SBC Wealth Management division to rival Julius Bär in a deal valued at SFr5.6 billion ($4.6 billion). The Bär group will manage another SFr119 billion thanks to its purchase of UBS' SBC division Keystone
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