Fransad Gestion management team to acquire Fransad Gestion, a Geneva-based wealth management firm, from Julius Baer, a provider of private banking services. Financial terms were not disclosed. "The transaction, which was executed on 1 June 2022, follows the decision of Julius Baer to reduce the complexity of its portfolio of companies and allows Fransad to strengthen its positioning as a major Swiss independent wealth manager under the ownership of the existing management team."