Julius Baer acquires majority stake in leading independent Brazi

Strategic market entry by Julius Baer in Brazil

Julius Baer acquires majority stake in leading independent Brazilian wealth
manager GPS by increasing its participation from 30 to 80 per cent

Julius Baer Group Ltd. ('Julius Baer'), the leading Swiss private banking
group, announced today that it has acquired an additional 50 per cent of
São-Paulo-based GPS Investimentos Financeiros e Participações S.A. ('GPS').
This increases Julius Baer's participation in GPS to 80 per cent from the 30
per cent acquired in May 2011. This increase follows a highly successful
cooperation to date and underscores Julius Baer's strategic goal of building a
leading wealth management business in Brazil, one of the most attractive
domestic wealth management markets worldwide and the largest wealth management
market in Latin America.

Zurich/São Paulo, 25 March 2014 - GPS, which includes GPS Planejamento
Financeiro Ltda. and CFO Administração de Recursos Ltda., is the largest
independent wealth manager in Brazil with approximately BRL 15 billion (CHF 6
billion [1]) of assets under management. GPS has consistently delivered
impressive, profitable growth over the last ten years and has almost doubled
assets under management over the last three years. Julius Baer and GPS both
specialise in discretionary portfolio management and advisory services for
high net worth individuals, based on a client-centric and open product
architecture business model. GPS, which employs a total staff of over 120, was
established as a partnership in 1999 by its three founding partners José
Eduardo Martins, Marco Belda and Roberto Rudge, which has since then been
highly successful in managing and expanding its client base and operations.
GPS's operative business is regulated by CVM, the Securities and Exchange
Commission of Brazil.

The current partners of GPS will continue to lead the business as it is
integrated into Julius Baer's overall corporate structure and culture. Julius
Baer senior executives will assume a majority in the Board of Directors of the
company and will also appoint two members to the Executive Committee of GPS.
GPS will continue to operate under its well established and respected brand.

GPS is profitable, and the transaction is expected to deliver a low
single-digit accretion to Julius Baer Group's adjusted earnings per share in
2014 and will have a limited impact of approximately 60 basis points on Julius
Baer Group's current BIS capital ratios.

Boris F.J. Collardi, CEO of Julius Baer, commented: "We are very pleased with
our partnership with GPS, the leading independent Brazilian wealth manager.
Our majority participation enables us to gain long-term access to one of the
most attractive and promising domestic wealth management markets worldwide,
and represents another key step in the execution of Julius Baer's focused
growth strategy."

Gustavo Raitzin, Head Latin America and Israel of Julius Baer and designated
Chairman of the Board of Directors of GPS, added: "This move underlines our
strong commitment to continue to grow and develop our business in Latin
America and ideally positions us to advise clients for domestic and
international investments. We are confident that the even closer future
co-operation will benefit clients, employees and further add strong growth
momentum for GPS."

José Eduardo Martins, founding partner of GPS, added: "We are very pleased to
extend our client offering through the even closer co-operation with the
leading Swiss private banking group with its global research and market
know-how. This will create the opportunity for us to provide advisory services
based on the combined expertise of both companies. We will continue with our
strong growth strategy keeping focusing on our independent advice business
model; Julius Baer guarantees perpetuity and sustainability for our ambitious
future growth plans".

[1] applying the 31 December 2013 CHF/BRL exchange rate of 2.65

Contacts in Zurich

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

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

Contact in Brazil

Waldomiro Carvas, GWA, tel. +55 11 3030 3000

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

About GPS

GPS is the leading Brazilian independent wealth management advisory firm,
focused on high net worth individuals. GPS total clients' assets under
management amounted to approximately BRL 15 billion (CHF 6 billion) at the end
of 2013.

GPS currently operates two offices in Brazil (São Paulo and Rio de Janeiro).

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

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.