Julius Baer, the leading Swiss private banking group, will bring forward
the realignment of its management structure announced in August 2012 in
the context of the acquisition of Merrill Lynch’s International Wealth
Management (IWM) business outside the United States from Bank of
America. Due to the good progress of the preparatory activities for the
integration, the realignment of the Executive Boards of Julius Baer
Group Ltd. and Bank Julius Baer & Co. Ltd. will already come into effect
on 1 January 2013. Gregory F. Gatesman, designated Chief Operating
Officer, will join on 1 February 2013 at the expected formal completion
of the acquisition.
The Principal Closing of the IWM acquisition marks the formal completion
of the transaction as well as the beginning of the important integration
The financial results of Julius Baer Group Ltd. for the full year 2012
will be published on 4 February 2013.
About Julius Baer
Julius Baer is the leading Swiss private banking group, focused on
servicing and advising private clients. Julius Baer’s total client
assets amounted to CHF 274 billion at the end of October 2012, with
assets under management accounting for CHF 187 billion. Bank Julius Baer
& Co. Ltd., the renowned Swiss private bank with origins dating back to
1890, is the principal operating company of Julius Baer Group Ltd.,
whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER)
and form part of the Swiss Market Index (SMI) of the 20 largest and most
liquid Swiss stocks.
Julius Baer employs a staff of over 3,600 in more than 20 countries and
over 40 locations, including Zurich (head office), Dubai, Frankfurt,
Geneva, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow,
Shanghai and Singapore.
For more information visit our website at www.juliusbaer.com