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Julius Baer: Annual Report and Remuneration Report 2013 publishe

Annual Report and Remuneration Report 2013 published -
Leonhard H. Fischer to step down from Board of Directors

Julius Baer Group Ltd. today published its Annual Report 2013 and its
Remuneration Report 2013. Both publications are available online at
www.juliusbaer.com - Leonhard H. Fischer has decided to step down from the
Board of Directors to avoid any potential conflicts of interests because of
the intended acquisition of BHF-Bank by Kleinwort Benson Group, a wholly owned
subsidiary of RHJ International SA, where he serves as CEO and member of the
Board of Directors.

Zurich, 3 March 2014 - Following the last Annual General Meeting in April
2013, Julius Baer's Board of Directors initiated a revision of the Group's
compensation scheme and reporting. On the back of constructive input obtained
from key stakeholders, and incorporating all legal and regulatory
requirements, a new compensation framework has been developed and recently
approved by the Board of Directors.

Daniel J. Sauter, Chairman of the Board of Directors, comments: "We believe
that the newly designed compensation framework, as described in our
comprehensive Remuneration Report, is well-suited to support our ability to
continue to attract the best professionals to Julius Baer. We have linked
executive compensation directly and transparently to two Key Performance
Indicators (KPIs), namely to the creation of economic value above the cost of
capital and to the relative total shareholders return, hence adhering to the
principle of 'pay for performance'."

Key features of the new compensation structure and main changes

  *The 'pay-for-performance' link for all variable compensation elements for
    the members of the Executive Board has been established.
  *Based on detailed benchmarking, the pay mix for the members of the
    Executive Board has been changed to align it more closely to prevailing
    market practices.
  *Clearly defined caps have been established for the compensation of the
    members of the Executive Board.
  *The new scheme consists of a Deferred Bonus Plan (DBP) and an Equity
    Performance Plan (EPP).

       *The DBP is a cash-based variable compensation plan, which is tied to
         a set of Group and individual targets directly related to value
         creation for Julius Baer. The new DBP has been implemented for the
         compensation of 2013. The link to sustainable value creation is
         further enhanced by a more stringent deferral scheme, under which,
         relative to the former structure, a larger percentage is deferred and
         the deferral period is increased from three to five years. All
         deferred amounts are subject to standard claw-back provisions.
       *The EPP is an equity-based plan which is subject to the development
         of performance- and service-based vesting criteria. It cliff-vests
         after three years and will be effective for grants made in 2014. Any
         allocation of Performance Units (representing one share) under the
         EPP is subject to achieving the two Key Performance Indicator targets
         'cumulative Economic Profit' and 'relative Total Shareholder Return'
         at the end of the performance period. The maximum uplift of the EPP
         is 50% of the number of Performance Units originally granted and is
         subject to full downside risk.

  *Share Ownership Guidelines have been introduced for the members of the
    Board of Directors and of the Executive Board to further strengthen the
    commitment to Julius Baer.

Julius Baer will carefully observe all future developments and make the
necessary changes as deemed required to ensure that its compensation framework
is considered correct, fair and adequate by all key stakeholders.

Leonhard H. Fischer to step down

Leonhard H. Fischer has decided to step down from the Board of Directors of
both Julius Baer Group Ltd. as well as of Bank Julius Baer & Co. Ltd.
effective as of the AGM 2014. He has taken this decision to avoid any
potential conflict of interests after the recent approval by the BaFin of the
intended acquisition of BHF-Bank by Kleinwort Benson Group, a wholly owned
subsidiary of RHJ International SA, where he serves as CEO and member of the
Board of Directors.

Daniel J. Sauter, Chairman of the Board of Directors, said: "I sincerely thank
Lenny Fischer for his outstanding contribution during the past five years as
member of our Board. His in-depth knowledge and understanding of the financial
industry and his strategic skills have been invaluable in a transformative
period where the Group has expanded its footprint on a global scale. And last
but not least my colleagues and I have enjoyed working with him tremendously."

Contacts

Media Relations, Zurich, tel. +41 (0) 58 888 8888

Investor Relations, Zurich, tel. +41 (0) 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss private banking group with a focus on
servicing and advising sophisticated private clients and a premium brand in
global wealth management. Julius Baer's total client assets amounted to CHF
348 billion at the end of 2013, including CHF 254 billion of assets under
management. 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), comprising the 20 largest
and most liquid Swiss stocks.

Julius Baer is currently integrating Merrill Lynch's International Wealth
Management business outside the US. This will increase the Group's presence to
more than 25 countries and 50 locations. Headquartered in Zurich, we have
offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong,
London, Lugano, Monaco, Montevideo, Moscow, Singapore and Tokyo.

For more information visit our website at www.juliusbaer.com

Annual Report 2013
Remuneration Report 2013

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