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

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)--

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