Julius Baer Invests in Contemporary Art

Raymond Baer, the chairman of Julius Baer Holding AG.
The Switzerland's biggest independent money manager has one of the largest collections of Swiss contemporary art, with about 4,500 works adorning the walls of Julius Baer branches worldwide. Some are currently on show at Art Masters St. Moritz until Sept. 7.
For Baer, the bank's art collection is a passion, not an investment, and he wants to keep it that way. Unlike its competitors Deutsche Bank AG and UBS AG, Julius Baer has no art investing department in its wealth management division. [from bloomberg]
Above Regia Marinho painting.
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