Julius Baer Holding is pushing forward with its plan to list Artio Global Investors, a US asset management unit, on the New York Stock Exchange in what will be the first flotation of a funds company in about 18 months.

Artio had $47.6bn (€33bn) under management as of March 31, and is the fourth largest manager of international ex-US equity accounts for US institutional investors, according to its prospectus document, which quoted a report from the investment consultancy Callan Associates.