Julius Baer Holding AG (BAER.VX) and Bank of China Limited (BACHY) Monday said they have entered into a strategic collaboration agreement, in which they will cross-refer clients as well as undertake various joint marketing activities.

MAIN FACTS:

- Under the terms of the agreement, Bank of China will refer clients with international private banking needs outside Chinese Mainland to Julius Baer.

- At the same time, clients of Julius Baer requiring banking services will be referred to BOC.

- The two partners also envisage cooperation in product distribution and financial market research as well as certain joint initiatives including investment conferences.

- In addition, Bank of China (Suisse) SA will be integrated into Bank Julius Baer.

- "The cooperation with Bank of China will lead Julius Baer to partner with one of the top players in Chinese Mainland and internationally," said Chief Executive Boris Collardi.

- "In addition, in future the partnership offers the potential for Julius Baer to gain further access to Chinese Mainland, one of the world's most important and fastest-growing wealth markets," he said.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

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