NEW YORK - Julius Baer International is outsourcing its fund administration and custody services to Bank of New York, the U.S. banking company said Thursday.

The London-based asset management arm of Julius Baer, a Swiss fund manager, is the first institution in continental Europe to outsource such functions, said Bank of New York. The bank already provides outsourced investment services for a number of other institutions, including J.P Morgan Investment Management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.