Gather ’round, folks, ’cause have I got news for you! Julius Baer International (JBI), that posh UK money-management company, just rolled out the red carpet for their sixth shiny office, this time in Newcastle. And guess what? It’s joining the big leagues with its siblings in fancy places like London, Edinburgh, and Manchester. The big reveal dropped on Thursday, and oh boy, did it make a splash!
Now, here’s where it gets juicy: JBI’s been recruiting some all-stars! Snagged right from UBS, we’ve got Aidan Dunstan and Alison Lander swinging into action as the new relationship managers, and Stacey Kirby jumping onboard as their right-hand gal. Dunstan’s been playing the game for over 30 years, Lander’s got her private banking tricks up her sleeve, and Kirby? She’s been making rich folks even happier for two decades!
Teaming up with the North East legends, Simon Patterson and Chris Shearsmith, this squad is on a mission: to pamper those high-net-worth clients like they’re royalty.
The big boss, David Durlacher (you know, the CEO of JBI), couldn’t stop raving about their love for the North East and the rest of the UK. The goal? Simple: Get the best of the best, serve up some global wisdom, and treat their clients like gold. And speaking of gold, at the end of last year, they were juggling a cool £19.2 billion in client money!
If you’re a numbers person, you’ll love this: with a fat market cap of 12.68 billion USD (a little birdie named InvestingPro told me), they’ve seen a growth spurt of 7.72% in the past year. And they’ve been tossing dividends to their loyal fans for 14 straight years. Now that’s commitment!
But, as grandma used to say, not everything that glitters is gold. InvestingPro’s got a heads-up for us: JBI’s burning through cash like it’s going out of style. They might have to tighten their belts, and there might be some bumpy rides for their stock price. So, if you’re thinking of diving in, maybe dip a toe first.
Bottom line? This new move is JBI’s love letter to the North East and the entire UK. They see the sparkle and potential. But like any love story, there’s a sprinkle of drama. For the full story and some handy-dandy tips, swing by InvestingPro. They’ve got the lowdown to help you make the smart play! 💰🎩📈🚀🤑