Julius Baer 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.
Julius Baer 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 chang
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'.
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