Commercial Register: Frankfurt/Main,
No. HR B 31022, Tax number: 04722012150
Value added tax identification number: DE 114103792
Bank code: 514 203 00
Heiko Schlag (Chairman)
Chairman of the Supervisory Board
Christian E. Dubler
Responsible Regulatory Authorities
Federal Financial Supervisory Authority (BaFin)
108, Graurheindorfer Straße
Residence Frankfurt am Main
60439 Frankfurt am Main
European Central Bank
60314 Frankfurt am Main
Information according the ordinance on the supervisory requirements for institutions’ remuneration system of Bank Julius Bär Deutschland AG pursuant to sec. 16 of the bank’s salary scale as of 16 December 2013: 4 August 2017
In the three business areas of Bank Julius Bär Deutschland AG − Private Banking, Investment Solutions Group (ISG) and the COO Area − all 170 permanent employees (including of the three members of the Executive Board) received variable compensation in addition to their fixed compensation for the financial year 2017 (as of May 2018). The amount of the variable portion of compensation is dependent upon the success of the Bank’s operations and the individual success of the employee.
In the Private Banking area, the variable compensation is partly a discretionary bonus and partly a formula-based, performance-related variable bonus where the primary compensation parameter of the latter is newly acquired money and contracts. In the other business areas only discretionary bonuses are paid.
For all permanent employees of Bank Julius Bär Deutschland AG the total amount of compensation in 2017 (as of May 2018) was €23.6 million, whereby the fixed portion amounted to €16.9 million.
The bank takes part in dispute settlement procedures of the consumer arbitration board “Ombudsman of Private Banks” (www.bankenombudsmann.de). The consumer has the option to call on the ombudsman of private banks to settle disputes with the bank. If the subject of the complaint is a dispute over a payment service agreement (§ 675f of the Civil Code), clients who are not consumers can also call on the ombudsman for private banks. Details are governed by the “Rules of Procedure for the Settlement of Customer Complaints in the German Banking Sector” which are provided upon request or can be retrieved from the Internet under www.en.bankenverband.de.
Complaints are to be submitted in written form (e. g. in a letter, fax or email) and sent to the Kundenbeschwerdestelle (Customer Complaints Office) at the Bundesverband deutscher Banken e. V. (Association of German Banks), P.O. Box 04 03 07, 10062 Berlin, Fax: +49 (030) 1663 -3169 43417, Email: email@example.com