SAO PAULO, Nov 6 (Reuters) - Swiss private bank Julius

Baer has tapped Goldman Sachs ( GS ) to advise on the

sale of its Brazilian operation, according to three people

familiar with the matter.

One of the sources, who is considering a bid, said the deal

could be worth between $100 million and $150 million.

Julius Baer and Goldman Sachs ( GS ) declined to comment.

With a focus on wealth management, Julius Baer Group is

present in about 25 countries, with 60 locations worldwide.

At the end of June 2024, its assets under management totaled

474 billion francs ($541 billion).

According to its website, Julius Baer has three offices in

Brazil: Sao Paulo, Rio de Janeiro and Belo Horizonte.

One of people familiar with the matter, who asked not to be

named because the talks are private, said Goldman Sachs ( GS ) has

already reached out to some of the largest Brazilian banks to

gauge their interest in the Swiss group's local unit.