Julius Bär opens Lisbon office in Portugal; Strengthens local client network

Julius Bär now serving the Portuguese market from Lisbon-based office

Lisbon - The Julius Bär Group is now represented by an office in Lisbon. The asset management firm expects the country’s strong growth trajectory to be sustained. Up to now, it has served customers in Portugal from its Madrid office.

(CONNECT) TheJulius Bär Grouphas opened an office in the Portuguese capital city Lisbon, as detailed in astatement. This office is to be led by José Maria Cazal-Ribeiro and Gonçalo Maleitas Correia.

With this move, the wealth management firm headquartered in Zurich is responding to consistently high growth expectations in the country. “Political stability, balanced public accounts, structural reforms, and renewed public investment are all supporting growth”, as Gonçalo Maleitas Correia states, adding that: “Portugal has outperformed the European average in recent years and continues to attract foreign investment and talent”.

In this context, Julius Bär will seek to leverage its own strengths. “It is impossible to be the benchmark for wealth management in Portugal without a physical presence”, explains José Maria Cazal-Ribeiro. By establishing a presence in the local ecosystem, the asset management group’s relationships with clients, partners and the authorities will reportedly be strengthened.

José Maria Cazal-Ribeiro also highlights the technological strength of Portugal. According to the information, eight unicorns, i.e. start-ups valued at more than 1 billion US dollars, have already emerged from Portugal. Accordingly, Julius Bär intends to appeal to a wide range of economic sectors, generations and regions. As Cazal-Ribeiro puts it: “The Lisbon office is designed as a versatile hub.” ce

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