Julius Baer increased its stake in NSC Asesores to 70%.

Julius Baer, the leading Swiss wealth management group, increased its stake in Mexican wealth manager NSC Asesores to 70%. The transaction will significantly strengthen Julius Baer’s and NSC Asesores’ position in Mexico. Zurich-based Julius Baer originally bought a 40% holding in NSC Asesores in 2015. Financial terms were not disclosed. Beatriz Sanchez, Head Latin America and Member of the Executive Board at Bank Julius Baer, said: “Mexico is the second largest economy in Latin America and constitutes a core market in the region for Julius Baer. The strategic partnership with NSC Asesores represents an excellent opportunity to leverage Julius Baer’s broad offering. By raising our participation to a majority stake, we will be able to increase the level of cooperation for the benefit of both companies’ clients.”