Switzerland's Julius Baer Group explores potential acquisition of rival EFG International.

Switzerland's Julius Baer Group is exploring a potential acquisition of rival EFG International, according to people familiar with the matter. Julius Baer has held preliminary talks with EFG in recent weeks. A deal between the two banks could create a wealth manager with over 500 billion Swiss francs in assets under management. There is no certainty that the talks will result in a transaction.