OREANDA-NEWS. July 27, 2012. Bank of China Limited (‘BOC’) and Julius Baer Group Ltd. (‘Julius Baer’) announced they have entered into a strategic collaboration agreement whereby they will mutually cross-refer clients as well as undertake various joint marketing activities, reported the press-centre of BOC.

Under the terms of the agreement, BOC will refer clients with international private banking needsoutside Chinese mainland to Julius Baer.At the same time, clients of Julius Baer requiring banking services will be referred to BOC.The two partners alsoenvisage cooperation in productdistribution andfinancial market research as well ascertain joint initiatives including investment conferences.In addition, Bank of China (Suisse) SA will be integrated into Bank Julius Baer.

Boris F.J. Collardi, CEO of Julius Baer, commented on the partnership with BOC: “The cooperation with Bank of China will lead Julius Baer to partner with one of the top players in Chinese mainland and internationally. In addition, in future the partnershipoffers the potential for Julius Baer to gain further access to Chinese mainland , one of the world’s most important and fastest-growing wealth markets.”

LiLihui, Vice Chairman and President of Bank of China, added: “Our international private clients have become muchmore demandingin recent years. Julius Baer is for us an outstanding partner, our cooperation can better serve the needs of our clients with private bankingrequirements. The cooperation with Julius Baer instantly complementsourexisting private banking capabilities.”