Julius Baer Group Ltd. (SWX:BAER) acquired an additional 20% stake in Kairòs Investment Management SpA for €96 million on January 9, 2018. The consideration for the additional 20% stake is subject to closing adjustments. Post completion, Julius Baer Group will own 100% stake in Kairòs Investment Management, while Kairòs will continue to operate under its name and identity, and its executive management will remain unchanged. Paolo Basilico, Founding Partner and Chief Executive Officer of Kairos, has been appointed as Chairman of the Board of Directors, and he remains Chief Executive Officer of Kairos. Julius Baer Group Ltd. (SWX:BAER) completed the acquisition of an additional 20% stake in Kairòs Investment Management SpA on January 9, 2018.