Julius Baer acknowledges the conclusions which, as noted in FINMA’s announcement, have been addressed proactively by the Group through comprehensive remedial measures, in alignment with FINMA. These have been implemented by the completely revamped Executive Board and as part of the Group’s new strategy.

Stefan Bollinger, Chief Executive Officer of Julius Baer, said: “Today we’ve reached an important milestone, which is a recognition of our efforts over the past 20 months. The renewed management team, in alignment with FINMA, initiated and implemented a series of measures to swiftly address long-standing legacy matters. We would like to thank FINMA for the open and constructive dialogue and our employees for their dedication, commitment, and professionalism.”

He continued: “These significant changes have made Julius Baer the simpler and stronger organisation it is today, with a solid foundation and a clear strategic direction. We are fully focused on the future and look forward to delivering sustainable, high-quality growth and long-term value for our clients, shareholders, and all other stakeholders.”

In addition to the wind-down of its private debt business and related measures that significantly impacted compensation of the employees involved, the Group also introduced a revised risk and compliance framework in line with its new wealth management strategy. The Risk organisation and processes were fundamentally upgraded, including the delineation of Risk, Legal, and Compliance functions. The Group has strengthened its first and second lines of defence while embedding a culture of disciplined risk ownership throughout the organisation. The governance framework was renewed at the level of the Board of Directors and Executive Board, and a new senior management team is in place. 

Confirmation of strategy and update on share buy-backs
Looking ahead, the Group continues to execute on its Strategic Cycle 2026–2028 and remains committed to delivering its medium-term financial targets. As part of this, it is diligently pursuing the implementation of its revised risk and compliance framework, as recently confirmed in the 2026 half-year results announcement.

The requirement to hold additional CET1 capital of CHF 250 million results in a de facto minimum CET1 capital ratio requirement of 9.4%. This is a reduction from the previous requirement of CHF 500 million. Julius Baer’s reported CET1 capital ratio was 18.5% at the end of June 2026, confirming the Group’s robust capital position.

Julius Baer confirms that a request regarding its share buy-back programme has been submitted to FINMA pending final approval.