ZURICH--(BUSINESS WIRE)--Regulatory News:
The Board of Directors of Julius Baer Group Ltd. will propose Gilbert Achermann, Chairman of the Boards of Directors of both Straumann Group and Siegfried Holding, and Andreas Amschwand, former Group Managing Director of UBS, for election as new members of the Board at the Annual General Meeting on 11 April 2012. Current Board member Peter Kuepfer has decided not to seek re-election after his fifth term in office.
Gilbert Achermann has been instrumental in establishing the Straumann Group as global market leader in the implant dentistry industry. After ten years at UBS, he joined the company in 1998 as Chief Financial Officer and Deputy CEO. In 2002, he became President & Chief Executive Officer of Straumann, subsequently changing to its Board of Directors as Chairman in 2010. Furthermore, Gilbert Achermann has this year been appointed Chairman of the Board of Directors of the pharmaceutical company Siegfried Group.
Andreas Amschwand gained extensive banking expertise during his career at UBS. For many years he led the Foreign Exchange and Money Market department. In addition, he headed Investment Banking in Switzerland. Until February 2011, he managed the area Investment Products and Services and was Member of the Wealth Management Executive Committee. Andreas Amschwand was also member of the Boards of Directors of the SIS Swiss Financial Services Group and the SWX Swiss Exchange.
Independent management consultant Peter Kuepfer has been a member of Julius Baer’s Board of Directors since 1999, most recently chairing the Board’s Compensation and Nomination Committees. He also holds the position of the Independent Lead Director and was member of the Chairman’s and Risk Committee for a long time. During an eventful period, he has substantially contributed to the excellent financial and operational oversight and compliance of the Group.
“On behalf of the Board of Directors I sincerely thank Peter Kuepfer for his outstanding services to Julius Baer. In all those years, his prudent advice and great experience have been invaluable. Going forward, I am very pleased that we have been able to nominate Gilbert Achermann and Andreas Amschwand, two highly respected individuals whose vast know-how will further strengthen the already broad financial expertise of our Board,” commented Raymond J. Baer, Chairman of the Board.
About Julius Baer
Julius Baer 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 259 billion at the end of October 2011, with assets under management accounting for CHF 166 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 3 600 in more than 20 countries and over 40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow and Singapore.
For more information visit our website at www.juliusbaer.com