Julius Baer Says Employee Stole German Offshore Client Data

Julius Baer Group Ltd., the Swiss wealth manager established in 1890, is contacting German customers after an employee stole information on their offshore bank accounts in Switzerland.

“We launched an internal investigation and we discovered a case of data abuse,” Jan Vonder Muehll, a spokesman for the Zurich-based bank, said today by phone. “We are in contact with potentially affected clients.”