Julius Baer Group Appoints Georg Hess as Head Public Affairs

Regulatory News:

The Julius Baer Group has appointed Georg Hess as Head Public Affairs with effect from 1 October 2010. This newly created role is designed to strengthen the company's dialogue with members of the political arena, the economy and society.

The aim of the newly created function of Head Public Affairs is to build on and enhance Julius Baer's existing public affairs work in order to strengthen its dialogue with members of the political arena, the economy and society and to actively contribute to decision-making processes. This includes the efforts of the Executive Board and the Board of Directors to support the formation of political opinion.

Georg Hess has many years of political experience. He has been a member of the Cantonal Government of the Canton of Schwyz since 2000 and assumed the role of President of the Government on 1 July 2008. He has managed its Finance Department since 2002. Georg Hess announced his resignation from his political posts on 9 February 2010. He will assume his new role at the Julius Baer Group on 1 October 2010.

Raymond J. Baer, Chairman of the Board of Directors of Julius Baer, stated: "We are delighted that Georg Hess has agreed to join our company. He is a very well-connected politician with an in-depth knowledge of the Swiss economic and political landscape. With his support, we want to cultivate an even more active dialogue with political decision-makers and to help shape the framework conditions for the Swiss financial centre."

Julius Baer has 15 branches in Switzerland, including in Zurich, Geneva, Basel, Berne, St. Moritz and Lausanne.

About Julius Baer

Julius Baer is the leading Swiss private banking group, with an exclusive focus on servicing and advising private clients. Julius Baer’s total client assets amounted to CHF 241 billion at the end of 2009, with assets under management accounting for CHF 154 billion. Bank Julius Baer & Co. Ltd., the renowned 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 form part of the Swiss Market Index (SMI), which comprises the 20 largest and most liquid Swiss stocks.

Julius Baer employs a staff of over 3 000 in more than 20 countries and some 40 locations, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Milan, Moscow and Singapore.

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