Swiss Leader Index

Sandoz enters new era as standalone global leader in generic and biosimilar medicines

Retrieved on: 
Wednesday, October 4, 2023

It is well placed for continued profitable growth as a standalone global leader in generic and biosimilar medicines.

Key Points: 
  • It is well placed for continued profitable growth as a standalone global leader in generic and biosimilar medicines.
  • Sandoz Board Chairman Gilbert Ghostine says: "Today marks the dawn of a new era for Sandoz as an independent company, but our Purpose is unchanged: pioneering access for patients.
  • Generics and biosimilars account for an estimated 80% of medicines used worldwide by volume, at about 25% of the total cost.
  • Our refreshed brand reflects our enduring commitment to healthcare innovation and our dedication to meeting the global and local healthcare challenges head-on.

Julius Baer acquires stake in GROW Investment Group

Retrieved on: 
Wednesday, September 21, 2022

Julius Baer is pleased to announce it has become a strategic investor and business partner of GROW Investment Group (GROW).

Key Points: 
  • Julius Baer is pleased to announce it has become a strategic investor and business partner of GROW Investment Group (GROW).
  • With this partnership, Julius Baer takes a first step into onshore China and at the same time, GROWs clients will gain access to Julius Baers global investment expertise.
  • The cooperation between GROW and Julius Baer will undoubtedly create value for these clients and support our growth plans for this important market.
  • Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients.

Julius Baer to cease charging clients negative interest rates

Retrieved on: 
Friday, July 22, 2022

In a persistent negative interest rate environment, Julius Baer has been applying negative interest rates to client cash holdings in these currencies.

Key Points: 
  • In a persistent negative interest rate environment, Julius Baer has been applying negative interest rates to client cash holdings in these currencies.
  • Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients.
  • Julius Baer is present in over 25 countries and more than 60 locations.
  • Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.

Julius Baer appoints Luigi Vignola to the Executive Board

Retrieved on: 
Wednesday, June 29, 2022

As a result, Luigi Vignola will join the Executive Boards of Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd. as an additional member.

Key Points: 
  • As a result, Luigi Vignola will join the Executive Boards of Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd. as an additional member.
  • This organisational restructuring and appointment reflect the importance of the Markets division for Julius Baer in providing a leading wealth management offering to its clients.
  • Luigi Vignola joined Julius Baers Structured Products area in 2009.
  • Julius Baers CEO Philipp Rickenbacher said: I am delighted to welcome Luigi Vignola to the Executive Boards of Julius Baer.

Julius Baer Group Ltd.: Execution of capital reduction

Retrieved on: 
Monday, June 27, 2022

Zurich, 27 June 2022 Effective 27 June 2022,the capital reduction as resolved by the Annual General Meeting of Julius Baer Group Ltd. on 12 April 2022 was executed by cancellation of 7,423,208 Julius Baer registered shares, bought back until 23 December 2021 under the share buyback programme launched in 2021.

Key Points: 
  • Zurich, 27 June 2022 Effective 27 June 2022,the capital reduction as resolved by the Annual General Meeting of Julius Baer Group Ltd. on 12 April 2022 was executed by cancellation of 7,423,208 Julius Baer registered shares, bought back until 23 December 2021 under the share buyback programme launched in 2021.
  • The registered share capital of Julius Baer Group Ltd. now amounts to CHF 4,276,024.80, divided into 213,801,240 registered shares with a par value of CHF 0.02 each.
  • Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients.
  • Bank Julius Baer & Co. Ltd., the renowned Swiss 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 are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer to expand into Qatar to drive the next phase of growth in the Middle East

Retrieved on: 
Tuesday, June 7, 2022

Julius Baer has announced its intention to set up an Advisory Office in Qatar, in an effort to expand its regional footprint in the Middle East.

Key Points: 
  • Julius Baer has announced its intention to set up an Advisory Office in Qatar, in an effort to expand its regional footprint in the Middle East.
  • Zurich/Dubai, 7 June 2022 Julius Baer has announced its plans to tap into the Qatar market by opening an Advisory Office in the Qatar Financial Centre, subject to regulatory approvals.
  • In his role at Julius Baer, he will report to Alireza Valizadeh, Chief Executive Officer, Julius Baer (Middle East) Ltd.
    Rgis Burger, Global Head Middle East & Africa at Julius Baer, comments: We have grown our Middle East business by leaps and bounds in the past decades and this move will support our next phase of growth and development in the region.
  • Alireza Valizadeh, Chief Executive Officer, Julius Baer (Middle East) Ltd. adds: Julius Baer is an established name in the Middle East with a strong position in the region.

Julius Baer Group Ltd. places USD Perpetual Tier 1 Subordinated Bonds

Retrieved on: 
Tuesday, June 7, 2022

Zurich, 1 June 2022 Today, Julius Baer Group Ltd. has successfully placed perpetual non-cumulative Additional Tier 1 (AT1) securities in a USD 400 million transaction with private banks and institutional investors in Asia and Europe.

Key Points: 
  • Zurich, 1 June 2022 Today, Julius Baer Group Ltd. has successfully placed perpetual non-cumulative Additional Tier 1 (AT1) securities in a USD 400 million transaction with private banks and institutional investors in Asia and Europe.
  • The transaction will help to optimise Julius Baer Groups capital structure and add flexibility.
  • This announcement is not and shall not be interpreted or construed as a solicitation to purchase any securities of/in Julius Baer Group.
  • Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients.

Julius Baer Group sells Fransad Gestion SA in a management buyout

Retrieved on: 
Tuesday, June 7, 2022

Julius Baer has decided to sell Geneva-based Fransad Gestion SA (Fransad) to the management team of the independent wealth manager, who seized this opportunity to pursue its own growth strategy.

Key Points: 
  • Julius Baer has decided to sell Geneva-based Fransad Gestion SA (Fransad) to the management team of the independent wealth manager, who seized this opportunity to pursue its own growth strategy.
  • Julius Baer, the leading Swiss wealth management group, and Fransad, a major Swiss independent wealth manager, will continue to work closely together.
  • Zurich / Geneva, 2 June 2022 Julius Baer Group and Fransad jointly announce the sale of Fransad by Julius Baer to the management of the independent wealth manager and an industrial partner.
  • While, as a result of the transaction, Fransad will no longer belong to the Julius Baer Group, both parties will maintain a partnership going beyond traditional custodian services.

Annual General Meeting of Julius Baer Group Ltd.

Retrieved on: 
Tuesday, April 12, 2022

Zurich, 12 April 2022 - At today's Annual General Meeting of Julius Baer Group Ltd. the shareholders passed all agenda items and proposals submitted by the Board of Directors.

Key Points: 
  • Zurich, 12 April 2022 - At today's Annual General Meeting of Julius Baer Group Ltd. the shareholders passed all agenda items and proposals submitted by the Board of Directors.
  • In detail, the Annual General Meeting 2022 of Julius Baer Group Ltd. passed the following resolutions:
    The Financial Statements and Consolidated Financial Statements 2021 were approved and the Remuneration Report 2021 was approved in a consultative vote.
  • Marc Nater, Wenger Plattner Attorneys at Law, Kuesnacht, was elected as independent representative until the end of the next Ordinary Annual General Meeting in 2023.
  • Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients.

Julius Baer update on Russia

Retrieved on: 
Monday, March 21, 2022

Zurich, 21 March 2022 -Julius Baer today publishes details on its Russia exposure and its support of the relief efforts.

Key Points: 
  • Zurich, 21 March 2022 -Julius Baer today publishes details on its Russia exposure and its support of the relief efforts.
  • Julius Baer is donating CHF2 million to support the activities of the Swiss Red Cross in Moldova and Poland and the Swiss Refugee Council.
  • As of 18 March 2022, Julius Baer's overall exposure to Russia was as follows:
    The collateral value of Russian assets, including those traded on markets outside Russia, was reduced to zero in February 2022.
  • Bank Julius Baer & Co. Ltd., the renowned Swiss 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 are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.