Julius Baer further strengthens its commitment to its home market Switzerland with new CEO Switzerland – also appoints new Head Investment Solutions Group

Regulatory News:

Julius Baer, the leading Swiss private banking group, will combine its Swiss private client business so far managed regionally into the new, single market region Switzerland, thus further leveraging its already strong pan-Swiss presence. Yves Robert-Charrue will become CEO Switzerland as of 1 July 2011. He will be succeeded in his current function as Head Investment Solutions Group by Hans F. Lauber, who will join Julius Baer on 1 September 2011.

Julius Baer, the leading Swiss private banking group, has built a comprehensive pan-Suisse presence over the past years, currently comprising 16 locations in all major geographic regions of the country. As part of the strategic initiative launched eighteen months ago to further accelerate the growth in the Group’s home market and to leverage the many product and service innovations aimed at the particular requirements of Swiss-domiciled clients – a dedicated domestic discretionary mandate, specialised financial planning services, comprehensive residential mortgage solutions and a state-of-the-art electronic banking platform –, Switzerland will become a single market region of the Group. This adapted organisational structure replaces the Bank’s so far regional Swiss coverage. Client relationships will not be affected by the organisational change.

Yves Robert-Charrue will assume the CEO function of the new Region Switzerland as of 1 July 2011. In turn, Bernard Keller, who oversaw the strategic initiative for Switzerland as a Member of Bank Julius Baer’s Executive Board, will remain Member of the Executive Board of Julius Baer Group, focussing primarily on the strategic development of the Group. He will therefore step down from Bank Julius Baer’s Executive Board.

Hans F. Lauber, former Chief Investment Officer (CIO) of Winterthur Group and co-founder/CEO of Arecon Asset Management, Zurich, will succeed Yves Robert-Charrue as Head Investment Solutions Group, Julius Baer’s globally active investment competence centre. He will join Bank Julius Baer on 1 September 2011 and become a Member of the Bank’s Executive Board.

As planned, Dr. Venkatraman Anantha-Nageswaran (Dr. VAN), CIO, will leave Julius Baer at the end of July, but will continue to provide the Group with his in-depth market knowledge as an external advisor.

"With the creation of a single market region Switzerland, Bank Julius Baer now has become the alternative for Swiss-domiciled clients seeking a first-class private banking relationship,” comments Boris F.J. Collardi, Chief Executive Officer, adding: "Together with the addition of senior investment professional Hans Lauber, we are poised to achieve our ambition to become the investment provider of choice for sophisticated private banking clients.”

About Julius Baer

The Julius Baer Group is the leading Swiss private banking group, with an exclusive focus on servicing and advising private clients. Julius Baer’s total client assets amounted to CHF 271 billion at the end of April 2011, with assets under management accounting for CHF 173 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 3 500 in more than 20 countries and some 40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Guernsey, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow and Singapore.

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

JULIUS BAER GROUP LTD.

Bahnhofstrasse 36, P.O. Box, 8010 Zurich, Switzerland, Telephone +41 (0) 58 888 8888, Telefax +41 (0) 58 888 5144, www.juliusbaer.com