Bank Julius Baer strengthens Management Board in Frankfurt

Heiko Schlag has been appointed as a member of the Management Board of Bank Julius Baer Europe AG and as the new Head of Private Banking in Germany with effect from 1 January 2011. Drawing on his many years of experience in the German private banking sector, Heiko Schlag will help to strengthen the Julius Baer Group's presence in Germany.

"We are delighted that Heiko Schlag has agreed to join the Management Board of our bank in Germany. He is a highly competent and experienced specialist with an outstanding track record. Thanks to his profound knowledge of private banking, Heiko Schlag will contribute to the further strengthening of our successful operations in Germany," commented Gian A. Rossi, Chairman of the Supervisory Board of Bank Julius Baer Europe AG. Heiko Schlag will join the two existing members of the Management Board of Bank Julius Baer Europe AG, Christian E. Dubler and Dr. Gerhard Grebe.

Heiko Schlag spent around 19 years at HypoVereinsbank AG, where he served the needs of private and corporate clients. He held a variety of positions during this time and was most recently a member of the Executive Board of Private Banking Germany. Heiko Schlag is a proven expert on the German private banking market and holds a degree in Business Administration.

"Germany is the Julius Baer Group's most important European market in the area of private banking outside our Swiss home market. By strengthening our management team in Frankfurt, we are laying the foundations for the further growth of our operations in this attractive market," added Rossi.

Bank Julius Baer Europe AG has held a full banking licence for the German market since 1989 and already has branches in Frankfurt, Duesseldorf, Hamburg, Munich and Stuttgart. The bank has invested in the growth of its teams and infrastructure in its existing locations on an ongoing basis to ensure the continued expansion of its position in Germany.