Julius Baer pares BlackRock product range
The moves comes after the US fund house had gained a dominant share of Julius Baer's shelf space following the Swiss bank's acquisition of Merrill Lynch's wealth business.
Swiss private bank Julius Baer has reduced the number of BlackRock products it offers following its acquisition of Merrill Lynch's non-US wealth business. The driver behind the move is that the US fund house had gained a dominant share of Julius Baer's shelf space as a result of the Merrill Lynch deal.
BlackRock had also provided a very substantial share of the range of funds sold by Merrill Lynch International Wealth Management (IWM). The close relationship between the two firms …
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