Wealth Management Partners acquired Julius Baer's business in the Netherlands.

Julius Baer sold its domestic business in the Netherlands with nine relationship managers and around €1bn ($1.2bn) assets under management to WMP, a leading wealth manager in the Netherlands. Financial terms were not disclosed. This move is consistent with Julius Baer’s strategy to focus its investments and physical presence in core markets worldwide, which was accelerated by opening three branches in the United Kingdom and two in Germany in 2018.