OREANDA-NEWS. On 27 September 2013 Julius Baer announced a writ of summons had been filed in the High Court of Singapore naming Bank Julius Baer & Co Ltd. Singapore branch (‘the Bank’) as one of the defendants with an underlying claim amounting to about SGD 94 million and HKD 186 million (further or alternatively, damages to be assessed by the court) plus interest and costs stemming from a dispute over damages/losses allegedly incurred by the plaintiffs arising from share accumulator transactions in 2007 and 2008. The plaintiffs’ case has, by consent, been dismissed with costs by the High Court of Singapore and concluded for the Bank

Julius Baer is the leading Swiss private banking group, with a focus on servicing and advising sophisticated private clients and a premium brand in global wealth management. Julius Baer’s total client assets amounted to CHF 397 billion at the end of June 2016, including CHF 311 billion of assets under management. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Market Index (SMI), comprising the 20 largest and most liquid Swiss stocks.

Julius Baer employs a staff of close to 6,000, including approximately 1,300 relationship managers, and is present in over 25 countries and more than 50 locations.