Strategy
Julius Baer Speeds Up Management Changes Amid BoA Merrill Lynch Unit Integration
Julius Baer said it is accelerating changes to its
management structure as it continues to integrate the non-US
wealth management
business of Bank of America Merrill Lynch it agreed to buy in
August this year.
“Due to the good progress of the preparatory activities for
the integration, the realignment of the executive boards of
Julius Baer Group and Bank Julius Baer & Co will already come
into effect on 1
January 2013,” the Zurich-listed bank said in a statement today.
As part of the changes, Gregory Gatesman, designated chief
operating officer, will join on 1 February next year at the
expected formal
completion of the acquisition, the statement said.
The bank’s financial
results for the full year of 2012 will be published on 4 February
next year.
