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Julius Baer Gruppe AG (BAER.S)

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Latest Key Developments (Source: Significant Developments)

Julius Baer chairman says Collardi quit over weekend, says resignation is 'always sudden'
Monday, 27 Nov 2017 02:20am EST 

Nov 27 (Reuters) - Julius Baer Gruppe Ag ::NEW CEO SAYS YOU CANNOT EXPECT MAJOR CHANGES IN THE STRATEGY; 'I STAND FOR CONTINUITY'.CHAIRMAN SAYS HODLER IS APPOINTED AS CEO FOR THE FORESEEABLE FUTURE.CHAIRMAN SAYS COLLARDI RESIGNED OVER THE WEEKEND, SAYS RESIGNATION IS 'ALWAYS SUDDEN'.  Full Article

Julius Baer places $300 mln in securities with 4.75% coupon
Tuesday, 5 Sep 2017 12:22pm EDT 

Sept 5 (Reuters) - Julius Baer Gruppe Ag :Said it has successfully placed perpetual non-cumulative high-trigger additional tier 1 (at1) securities in a debut $300 million transaction, with an annual coupon of 4.75 percent. .  Full Article

Julius Baer CEO says looking at 2019 to hit pre-tax margin target
Monday, 24 Jul 2017 05:10am EDT 

By Joshua Franklin:Julius Baer CEO says there isn’t much of a discussion about us shifting operations out of UK.Julius Baer CEO says expects to see seasonal slowdown in July in Europe.Julius Baer CEO says KAIROS IPO is something we’re looking at ongoing basis, won’t be in 2017.Julius Baer cfo says have ability to do relatively small m&a, if no opportunities in the m&a we would decide on capital returns but that’s still too early.Julius Baer CEO says transition phase of assets outflows from tax regularization should be done in 2019.Julius Baer CEO says looking at 2019 to hit pre-tax margin target.Julius baer ceo says did look at certain acquisitions but it has to be something that really adds something to the group and is more transformational.  Full Article

Julius Baer says believes net new money will continue to be well into target range
Monday, 24 Jul 2017 02:46am EDT 

July 24 (Reuters) - Julius Baer :CFO says believe net new money will continue to be well into target range, though expect up to half a percent negative impact from tax regularization - newswires call.CEO says will continue to make investments in Latin America.  Full Article

Julius Baer Thomas Meier to leave Julius Baer while keeping ties
Thursday, 27 Apr 2017 02:07am EDT 

April 27 (Reuters) - Julius Baer Gruppe AG :Says Thomas R. Meier to leave julius baer while keeping his ties with group.  Full Article

Julius Baer says expects cost/income ratio to move much closer to the target range in 2017
Wednesday, 12 Apr 2017 04:20am EDT 

Julius Baer Gruppe Ag :Says expects cost/income ratio to move much closer to the target range in 2017 and to return to a level within this range in 2018, provided no significant deterioration in financial market conditions - AGM speech.  Full Article

Julius Baer CEO expects to be well within net new money target range in coming years
Wednesday, 1 Feb 2017 01:56am EST 

Julius Baer Gruppe Ag : CFO tells news wires call January has so far has been ok in terms of client activity . CEO says expecting that initiatives taken last year to help net new money growth will continue into 2017 . CEO says through hiring initiatives expect to be well within net new money target range in the years to come . CFO says believe we're well capitalized to run our business . Julius Baer CFO says would have to raise equity to fund larger acquisitions but there is nothing in the market at the moment, can still finance smaller acquisitions from balance sheet . Julius baer CEO says regularization outflows should tail off in 2018 Further company coverage: [BAER.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Julius Baer says appoints Régis Burger as Middle East CEO
Monday, 10 Oct 2016 02:01am EDT 

Julius Baer Gruppe Ag : Says has appointed Régis Burger as CEO Julius Baer (Middle East) ltd. effective 1 October 2016 .Régis Burger will succeed Juerg Berger who has decided to take on a new challenge within the Region and will become Head GCC Abu Dhabi to further drive growth in this specific market.  Full Article

Julius Baer says Singapore branch concludes share accumulator dispute
Tuesday, 27 Sep 2016 01:05am EDT 

Julius Baer Gruppe Ag : Says bank Julius Baer Singapore concludes share accumulator dispute . Says plaintiffs' case has, by consent, been dismissed with costs by high court of Singapore and concluded for bank .In a statement, the bank said: "On 27 September 2013 Julius Baer announced a writ of summons had been filed in the High Court of Singapore naming Bank Julius Baer & Co Ltd. Singapore branch (‘the Bank’) as one of the defendants with an underlying claim amounting to about SGD 94 million and HKD 186 million (further or alternatively, damages to be assessed by the court) plus interest and costs stemming from a dispute over damages/losses allegedly incurred by the plaintiffs arising from share accumulator transactions in 2007 and 2008. The plaintiffs’ case has, by consent, been dismissed with costs by the High Court of Singapore and concluded for the Bank".  Full Article

Julius Baer CFO expects to add around 120 net new client advisors in 2016
Monday, 25 Jul 2016 05:22am EDT 

: Julius Baer CEO tells news conference expects to be number one or number two private bank in Monaco within the next two years . Julius Baer CEO says must not be in a hurry for M&A but confident there will be more M&A opportunities in private banking . Julius baer CFO says expects to add around 120 net new client advisors in 2016 compared to roughly 40 in 2015 Further company coverage: [BAER.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Julius Baer ‍nominates Campbell-Breeden for board seat

ZURICH, Dec 11 Julius Baer Group will ‍nominate Goldman Sachs investment banker Richard Campbell-Breeden for election to its board of directors, the Swiss private bank said on Monday.