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Report: Julius Bär interested in acquisitions, says CEO

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Report: Julius Bär interested in acquisitions, says CEO

Julius BärGruppe AG CEO Boris Collardi told shareholders at the Swisscompany's April 13 annual general meeting that although the group wants tobenefit from the "ongoing industry consolidation," it will considerany M&A opportunities carefully since "all that glitters is notgold," Reuters reported.

Chairman Daniel Sauter called the unsettled start of 2016 inglobal markets an indicator that signaled that private banking continued to be acyclical business, the newswire added.