Johannes A. de Gier Retires as Group CEO of Julius Baer, Continues as Executive Chairman...

Johannes A. de Gier Retires as Group CEO of Julius Baer, Continues as Executive Chairman of GAM - Unchanged Focus on Wealth Management

-- Given the successful implementation in 2007 of a pure
financial holding company model for the Group with Bank Julius
Baer, GAM, and Artio Global operating as fully stand alone
independently managed companies, the role of Group CEO at
Julius Baer Holding can appropriately be eliminated.
Therefore, on 1 September 2008, Johannes A. de Gier will
retire as planned from his function as Group CEO and continue
as Executive Chairman of GAM, while also remaining an advisor
to the Board of Directors of Julius Baer Holding on strategic
matters.

-- Julius Baer will continue to focus exclusively on wealth
management.
ZURICH, Switzerland--(Business Wire)--
Regulatory News:

Since November 2007, Julius Baer Holding Ltd., Zurich, has been
operating as a pure financial holding company focusing on critical
Group functions such as strategy, financial control and reporting,
capital management, Group legal & compliance, Group risk management
and Group communications.

As the owner of the three entities Bank Julius Baer, GAM, and
Artio Global, Julius Baer Holding pursues the strategy of guiding
three independently run wealth managers with their own business
models, brands, operating platforms, and proven management leadership
supported by independent Board structures. The US asset management
business, Artio Global, as previously announced, is intended to be
listed on the NYSE subject to favourable market conditions. This will
leave the Group with two distinct assets: Bank Julius Baer, the global
private bank under the leadership of Alex W. Widmer and GAM, the
boutique alternative and active investment manager, under the
leadership of David M. Solo. Both companies have a strong focus on
High Net Worth Individuals as their core clients. Beside mutual
synergies, Bank Julius Baer and GAM are well positioned to take
advantage of opportunities arising from the current challenging market
conditions.

After Johannes A. de Gier's retirement on 1 September 2008 from
his function as Group CEO, he will continue as Executive Chairman of
GAM. "We are delighted to continually benefit from his extensive
industry knowledge and experience, not least in future strategic
matters of the Group", Raymond J. Baer, Chairman of the Board of
Julius Baer Holding said. He continued: "The Board of Directors wishes
to express its appreciation to Johannes A. de Gier for his significant
contribution to a successful re-positioning of the new Julius Baer
Group as the leading dedicated wealth manager in Switzerland, as well
as his careful work to put in place a smooth management transition to
our new financial holding company model."

Media: Tel. +41 (0) 58 888 5777
Investors: Tel. +41 (0) 58 888 5256
or
Julius Baer Holding Ltd.
Group Communications
Bahnhofstrasse 36
P.O. Box
CH-8010 Zurich
Switzerland
Telephone +41 58 888 5777
Fax +41 58 888 5144
www.juliusbaer.com
group.comm@juliusbaer.com

Copyright Business Wire 2008