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Julius Baer Speeds Up Management Changes Amid BoA Merrill Lynch Unit Integration
Tom Burroughes
20 December 2012
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.