Julius Baer Group

Management

Boris Collardi (CEO)

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Bank Julius Baer & Co. Ltd. is part of the Swiss banking group Julius Baer Group Ltd., a private bank in Zurich. The company was using a managed client assets of around CHF 405 billion. Behind by the end of 2007, Pictet & Cie 's second largest dedicated wealth manager in Switzerland

Orientation

As a private bank, their offer for asset management activities are aimed primarily at wealthy clients. It offers a range of investment vehicles and advisory services. In addition to its headquarters in Zurich, the Bank has offices in Ascona, Basel, Bern, Crans Montana, Geneva, Kreuzlingen, Lausanne, Lucerne, Lugano, Sion, St. Gallen, St. Moritz, Verbier, train, Dusseldorf, Frankfurt, Hamburg, Kiel, Mannheim, Munich, Stuttgart, Würzburg, Paris, Milan, Guernsey, Luxembourg, Monaco, Vienna, Moscow, Madrid, Istanbul, London, Nassau, Santiago de Chile, Panama city, Lima, Montevideo, Hong Kong, Jakarta, Singapore, Shanghai, Cairo, Tel Aviv, Abu Dhabi and Dubai.

The company managed end of 2010, client assets of around CHF 267 billion in fiscal year 2010, Julius Baer Holding made ​​a profit of CHF 352 million.

History

On October 17, 1890 Ludwig Hirschhorn and Theodor Grob founded in Zurich the general partnership Hirschhorn & Grob based on Bahnhofstrasse 85, which was active in the area of ​​money exchange. With the departure of Theodor Grob Ludwig Hirschhorn teamed up with his brother Julius Baer and Joseph Michael Uhl; they founded on December 26, 1896, the partnership Hirschhorn, Uhl & Bear. After the death of Ludwig Hirschhorn Julius Baer took over on April 23, 1901 with his limited partnership Julius Baer & Co., the assets and liabilities of the partnership, which was dissolved at the same time.

Since 1980, the bank gradually non-family investors opened until 2005 as a listed stock corporation was transformed into a public company and since then, the Swiss Market Index belongs. The proportion of the bear family is less than 5 % of the share capital. In terms of assets under management is Julius Baer Switzerland's two big banks and Pictet & Cie number four among Swiss banks.

In September 2005, the Bank for 6.1 billion francs acquired ( approximately 3.7 billion euros ), the formerly independent private bankers Ferrier, Lullin & Cie SA, Ehinger & Armand von Ernst AG, Banco di Lugano (which until 1990 as Banco di Roma per la Svizzera changed its name ) and the wealth management firm GAM (Global Asset Management) of the Swiss bank UBS, which it became one of the largest independent asset managers in Switzerland. The purchase price was paid with CHF 3.8 billion in cash and a share of 21.5 % of the equity assets in the private banking group. UBS announced this share to lead not represent a strategic investment, which makes it likely that after the end of the lock-up period of 18 months, the Swiss bank could reduce its stake in favorable market constellations gradually.

14 April 2011 Julius Baer announced that they had reached agreement with the German authorities on a one time payment of 50 million euros (about 64.7 million francs). Thus were conducted against Julius Baer and unknown employees investigations concerning untaxed assets of tax payers in Germany, is set. The investigation came about through voluntary self- German customers and by German authorities purchased and collected from these data.

Breakdown

In May 2009, Julius Baer Holding announced the splitting known in two independent companies. The private banking business should remain with the Julius Baer Group Ltd., the future should focus on providing advice and services to private customers. The asset management business, which includes in addition to GAM and Artio Global Investors and Julius Baer Asset Management Europe, should be incorporated into the GAM Holding AG. This would focus on the provision of investment products ( especially investment funds ), portfolio management services and alternative investments focus. The two companies are listed after approval by the shareholders and regulatory authorities since October 2009, as a separate company on the stock exchange.

Further data theft in 2011

2012 flew to a German IT technician who has sold from October to December 2011, approximately 2,700 records of German bank customers to the German tax authorities. Since June 2013, the criminal proceeding is pending before the Federal Criminal Court in Bellinzona (Canton Ticino). According to the prosecution the IT technicians were pledged by the German investigators around 1.1 million euros, but received in February 2012 in Berlin because of outstanding tax debts paid only 200,000 euros.