Julius Baer Appoints Boris Collardi As CEO

The Board of Directors of Bank Julius Baer & Co. Ltd. elected Boris F.J. Collardi to become the new Chief Executive Officer of Bank Julius Baer. Currently serving as Chief Operating Officer of the Bank, he will succeed Johannes A.

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The Board of Directors of Bank Julius Baer & Co. Ltd. elected Boris F.J. Collardi to become the new Chief Executive Officer of Bank Julius Baer.

Currently serving as Chief Operating Officer of the Bank, he will succeed Johannes A. de Gier in his function as Chief Executive Officer of Bank Julius Baer as of 1 May 2009. Boris Collardi is a Swiss national with broad experience in international private banking.

Boris Collardi joined Bank Julius Baer as its Chief Operating Officer at the beginning of 2006, following Julius Baers acquisition of three private banks and GAM at the end of 2005. He played a decisive role in the swift and successful integration of these banks and the subsequent positioning of Bank Julius Baer as one of the premier addresses in global wealth management.

Prior to that, he gained extensive leadership experience in various functions during his 12 years at Credit Suisse both in Europe and Asia, including the positions of Global Chief Financial Officer and Chief Operating Officer EMEA of CS Private Banking.

Following the handover, Johannes A. de Gier will continue in his role as Chairman of GAM Holding Ltd., helping to develop this well-positioned alternative and active investment manager of the Julius Baer Group.

An assessment of Bank Julius Baers present requirements resulted in the Board unanimously choosing an excellent candidate from the internal pool of talent, itself a sign of the strength of our organization, says Raymond J. Baer, chairman of the Board.

In the current market environment, continuity enjoys a high priority and calls for a clear skill set. As an experienced manager deeply rooted in private banking, Boris Collardi complements these skills with a multicultural and international background.

Building on a strong professional track record and an intimate understanding of Bank Julius Baers business model, Boris can count on the full support of the management team and the entire organisation.

L.D.

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