Julius Baer Brings Forward Realignment of Management Structure
ZURICH -- December 20, 2012
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 phase.
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
For more information visit our website at www.juliusbaer.com
Media Relations, +41 58 888 8888
Investor Relations, +41 58 888 5256
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