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“An assessment of Bank Julius Baer’s present requirements resulted in the Board unanimously choosing an excellent candidate from the internal pool of talent, itself a sign of the strength of our organisation. In the current market environment, continuity enjoys a high priority and calls for a clear skill set. As an experienced manager deeply rooted in private banking, Boris Collardi complements these skills with a multicultural and international background,” explains Raymond J. Baer, Chairman of the Board, adding: “Building on a strong professional track record and an intimate understanding of Bank Julius Baer’s business model, Boris can count on the full support of the management team and the entire organisation.”

Boris Collardi joined Bank Julius Baer as its Chief Operating Officer at the beginning of 2006, following Julius Baer’s acquisition of three private banks and GAM at the end of 2005. He played a decisive role in the swift and successful integration of these banks and the subsequent positioning of Bank Julius Baer as one of the premier addresses in global wealth management. Prior to that, he gained extensive leadership experience in various functions during his 12 years at Credit Suisse both in Europe and Asia, including the positions of Global Chief Financial Officer and Chief Operating Officer EMEA of CS Private Banking.

Following the handover, Johannes A. de Gier will continue in his role as Chairman of GAM Holding Ltd., helping to develop this well-positioned alternative and active investment manager of the Julius Baer Group.