Julius Baer Group announces change of Chair of the Board of Directors

Ad hoc announcement pursuant to Art. 53 LR

Julius Baer today announced that Romeo Lacher, the Chairman of the Board of Directors, will not stand for re-election at the Annual General Meeting of 10 April 2025.  His proposed successor will be nominated in March 2025 with the invitation to the Annual General Meeting.

Zurich, 27 January 2025 – Romeo Lacher, Chairman of the Board of Directors, informed the Board of Directors during 2024 of his intention not to stand for re-election at the Annual General Meeting 2025. Following the appointment of Stefan Bollinger as CEO, Julius Baer has the opportunity to advance its strategic development under new leadership also at the level of the Board of Directors. The Board of Directors therefore was able to initiate timely a search process for external candidates for the Chair of the Board. This process will be completed shortly. The proposal for the Chair of the Board Elect is expected to be announced together with the invitation to the Annual General Meeting and the proposals for the elections to the Board of Directors in March 2025.

Richard M. Campbell-Breeden, Vice Chair of the Board of Julius Baer, said: “On behalf of the Board of Directors I want to thank Romeo Lacher. Under his leadership the Board of Directors acted decisively to address the impact of the credit losses that occurred in 2023 and to select and appoint a new CEO. Thanks to Romeo’s work and his commitment to ensure a speedy and seamless transition, we are ready for the next phase in the development of our strategy.”

Romeo Lacher, Chairman of Julius Baer, said: “With Stefan Bollinger starting as CEO, Julius Baer is opening a new chapter. It is a good moment for this transition at Board level. As the leading pure-play wealth manager worldwide, Julius Baer is strongly positioned for future success. I would like to thank all of Julius Baer’s employees for their support and dedication.”

Important dates

3 February 2025: Publication and presentation of 2024 full-year results

17 March 2025: Publication of Annual Report 2024 including Remuneration Report 2024

17 March 2025: Publication of Sustainability Report 2024

10 April 2025: Annual General Meeting, Zurich

Contacts

Media Relations, tel. +41 (0) 58 888 8888

Investor Relations, tel. +41 (0) 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. In all we do, we are inspired by our purpose: creating value beyond wealth. At the end of October 2024, assets under management amounted to CHF 480 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 are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in around 25 countries and 60 locations. Headquartered in Zurich, we have offices in key locations including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base, and our entrepreneurial management culture make us the international reference in wealth management.

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