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To: TobagoJack who wrote (53626)2/13/2006 3:38:48 AM
From: shades  Read Replies (1) | Respond to of 110194
 
DJ SWISS PRESS: UBS May Transfer Iranian Assets To Baer

my gold is my gold :0)

ZURICH (Dow Jones)--UBS AG (UBS) may transfer part of the assets it manages for Iranian clients to Julius Baer Holding AG (BAER.VX), Swiss weekly SonntagsZeitung reports.

UBS hopes to offload half of the CHF1.5 billion in Iranian assets to Julius Baer, of which it owns 21%, the weekly says.

Newspaper Web Site: sonntagszeitung.ch

-Zurich Bureau, Dow Jones Newswires; +41 43 443 8040; zurichdjnews@dowjones.com

(END) Dow Jones Newswires

February 13, 2006 01:43 ET (06:43 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 01 43 AM EST 02-13-06