Last updated: 16:04 / Monday, 20 July 2015
Acquisition in Mexico

Julius Baer to Acquire 40% of Mexican Financial Advisory Firm NSC Asesores

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Julius Baer to Acquire 40% of Mexican Financial Advisory Firm NSC Asesores
  • This acquisition would mark Julius Baer´s entry in the second largest wealth management market in Latin America
  • NSC S.A. de C.V. manages assets of close to US$ 3billion, and is the largest independent financial advisory firm in Mexico
  • This is a first acquisition of 40% of participation, expected to increase in the next 2 or 3 years

Julius Baer announced on the presentation of 2015 half-year results that it has agreed to acquire, for an undisclosed amount, 40% of NSC Asesores, S.A. de C.V. (NSC), the largest independent financial advisory firm in Mexico. NSC, which is based in Mexico City, manages assets of close to US$ 3 billion and has enjoyed strong growth in the past years. The acquisition would mark Julius Baer’s entry in the second largest wealth management market in Latin America.

NSC specialises in discretionary portfolio management and advisory services for high net worth individuals, based on independent and unbiased advice, which makes it a particularly good cultural fit. The company was founded in 1989 and is currently led by its 12 partners, of whom Claudio Núñez acts as CEO and Mariví Esteve as CFO & Head of Strategic Planning. It employs a total staff of 46.

The current management team will continue to run the business independently with the existing staff and pursue the same client-focused strategy. Julius Baer will be represented on the Board of Directors of NSC by two members. Both parties are confident that the future close cooperation will add further growth momentum to NSC’s business development

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