Julius Baer has been a minority shareholder of SEBA since 2018. In the future, Julius Baer will not only be an investor in SEBA, but will also provide its clients with access to a range of new digital asset services. Julius Baer and SEBA have therefore entered into a partnership, which will become effective upon the granting of the FINMA banking and securities dealer licence to SEBA. Julius Baer plans to extend its service range providing storage, transaction and investment solutions for digital assets, while SEBA will provide Julius Baer's clients with easy and secure access to these services in a fully regulated environment.
At an Extraordinary General Meeting on 20 March 2019, SEBA will propose to its shareholders the election of Peter Gerlach, Head Markets and member of the Executive Board at Julius Baer bank, to the Board of Directors.
Peter Gerlach said: "At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor's portfolio. The investment into SEBA and the strong partnership are proof of Julius Baer's engagement in the area of digital assets and underpin our dedication to provide our clients with pioneering innovations.”
Guido Bühler, CEO of SEBA, commented: "We are very pleased about the cooperation because Julius Baer's customers can be offered direct and secure access to the crypto world via the SEBA platform. At the same time, we are delighted to propose Peter Gerlach as a new member of our Board of Directors. He complements the Board with extensive financial and market knowledge and a broad international network.”