Zurich, 8 September 2010 --- The Board of Directors of Julius Baer Group Ltd. will propose Heinrich Baumann, former CEO of HSBC Guyerzeller Bank Ltd., for election as a new member of the Board at the next Annual General Meeting on 7 April 2011.
 
Heinrich Baumann has gained extensive financial expertise during his career of more than thirty years, working in various key functions in the wealth management and financial industries in Switzerland, North America and Asia. From 1999 until March 2009, he was a member of the Executive Committee of HSBC Guyerzeller Bank Ltd., first acting as COO and later as CEO. Previously, he spent over twenty years at UBS. Today he runs an independent consultancy. He holds a PhD in Business Administration from the Swiss Federal Institute of Technology (ETH Zurich).
 
"I am very pleased with Heinrich Baumann's nomination. With his long-standing experience and vast knowledge of private banking and the international markets he will further strengthen the broad financial expertise of the Board," comments Raymond J. Baer, Chairman of the Board.