EasyBourse: Julius Baer leaving US offshore services - Spear's Magazine

EasyBourse: Julius Baer leaving US offshore services

ZURICH -(Dow Jones)- Julius Baer Group AG (BAER.VX) said Monday it has begun an exit from U.S. offshore financial services and is evaluating the possibility of opening an entity licensed by the U.S. Securities and Exchange Commission.

ZURICH -(Dow Jones)- Julius Baer Group AG (BAER.VX) said Monday it has begun an exit from U.S. offshore financial services and is evaluating the possibility of opening an entity licensed by the U.S. Securities and Exchange Commission.

“We have already initiated a phased exit from this business and continue to monitor the situation closely, including the possibility” of registering with the SEC, a spokesman for Julius Baer said, confirming a report in Sunday’s weekly Sonntagszeitung.

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