GENEVA (AP) — The Julius Baer Group says it has agreed to pay 860 million francs ($879 million) to buy Bank of America Corp.’s Merrill Lynch wealth management operations outside the United States.

The Swiss private banking group says the deal would boost its assets by about 40 percent, adding around 81 billion francs ($84 billion) to the assets it will manage plus 2,000 employees, including 500 financial advisers.

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