Julius Baer's International Wealth Management transaction on tra

Julius Baer's International Wealth Management transaction on track - further
entities transferred

Zurich, 2 April 2013 --- According to schedule, Julius Baer transferred
further legal entities in four locations in relation to its acquisition of
Merrill Lynch's International Wealth Management (IWM) business on 1 April
2013. The entities involved are in Uruguay, Chile, Monaco and Luxembourg. This
represents another major milestone in the integration process which was
launched with the Principal Closing of the transaction and the related
acquisition of Merrill Lynch Bank (Suisse) S.A. on 1 February 2013.

The transfers will add substantially to Julius Baer's existing businesses in
Uruguay, Chile and Monaco. In the case of Luxembourg, Julius Baer gains a new
foothold with a strong presence.

Boris F.J. Collardi, Chief Executive Officer of Julius Baer Group Ltd., said:
"With the addition of Uruguay, where we are now one of the biggest players,
and Chile we have expanded our business massively in the fast growing market
of Latin America. In Monaco we strongly increase our presence, adding further
momentum to our local business development. Moreover, we enter the market in
the important financial centre Luxembourg with a substantial client base,
which also opens up new business opportunities."

The financial advisors and client relationships of the concerned entities have
been transferred on 1 April 2013, whereas the client assets will be
transferred in a staggered manner from Merrill Lynch to the Julius Baer
platforms, in line with applicable regulations in the respective markets.

The rebranding of the entities will be completed as soon as possible after
receipt of the relevant approvals of name changes from the appropriate

"The transaction is well on track. This latest step marks another major
milestone in the implementation of the integration process. I am very pleased
with the good progress made in the last couple of months and am confident that
the upcoming transfers will take place as planned," Boris Collardi commented.

Other major businesses adding substantial scale to follow shortly

The other major businesses to transfer, expected to occur during the remainder
of the year, are in Hong Kong, Singapore and the UK. All of them will add
substantial scale to Julius Baer's global network, taking the respective local
businesses into the leading group of international private banks in these

The International Wealth Management business of Merrill Lynch outside the US
is an excellent strategic fit for Julius Baer, strengthening the Bank's
presence in key growth markets around the globe and significantly enlarging
its asset base. The integration phase which was launched in February 2013 is
expected to be completed in the first quarter of 2015, with the bulk of the
large entities and businesses transferring in 2013.


Media Relations, Tel. +41 58 888 8888

Investor Relations, Tel. +41 58 888 5256

Provider                  Channel         Contact
Tensid Ltd., Switzerland  newsbox.ch      Provider/Channel related enquiries
www.tensid.ch             www.newsbox.ch  marco@tensid.ch
                                          +41 41 763 00 50
Press spacebar to pause and continue. Press esc to stop.