J. Baer set to cut up to 1,000 jobs after takeover

ZURICH, Oct 8 (Reuters) - Swiss private bank Julius Baer

will cut up to around 1,000 jobs as a result of itspurchase of part of Bank of America Merrill Lynch'swealth management business.

Baer said it planned a "significant reduction of former Bankof America corporate overhead" as well as cuts to the middle andback office functions of the combined group, reducing thecombined staff of approximately 5,700 by 15-18 percent.

Baer, which is presenting to analysts and investors detailsof the acquisition later in London later on Tuesday, alsoreported that its assets under management had risen to 184billion Swiss francs ($197.11 billion) at the end of August.

Julius Baer announced the acquisition in August of MerrillLynch's wealth management business outside of the United Statesand Japan to expand in fast-growing emerging markets.

($1 = 0.9335 Swiss francs)

(Reporting by Catherine Bosley; Editing by Louise Heavens)

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Keywords: JULIUSBAER/