Julius Baer has completed the legal merger of Geneva-based Merrill Lynch (Suisse) and its branches in Zurich and Dubai, in a move adding SFr11 billon in assets under management ($11.5 billion).

The move is part of the 2012 purchase of Bank of America Merrill Lynch’s non-US wealth management business.

“At the time of principal closing of Julius Baer’s acquisition of Merrill Lynch’s international wealth management business outside the US on February 1, 2013, Merrill Lynch Bank Suisse was the first business to transfer to the Julius Baer Group,” the Zurich-listed firm said in a statement today.

At the legal merger, which took place on May 31, “MLBS as a legal entity ceased to exist”, the firm said. The business continues to operate however under the Julius Baer brand, with new functional reporting lines in place.

The final step of the integration of MLBS into Julius Baer will be the technical merger, it said, which is expected to take place in the first quarter of 2014.