Julius Baer announces board overhaul

Julius Baer Group has announced that Olga Zoutendijk volition not basal for re-election to its committee of directors astatine the company’s yearly wide gathering (AGM) connected 9 April 2026, stepping down from her presumption astatine that time.

The wealthiness manager revealed plans to nominate Urban Angehrn and Colin Bell arsenic caller members of the Board astatine the 2026 AGM.

Julius Baer Group committee president Noel Quinn said: “I would similar to explicit my heavy gratitude to Olga for her galore important and invaluable contributions to Julius Baer implicit the past 7 years.

“Olga has been a valued subordinate of the Audit Committee and the Governance & Risk Committee since she joined the Board, and she was a beardown contributor to the galore constructive debates that person taken spot implicit this time. After concluding a play of modulation for Julius Baer implicit the past 2 years, she leaves the organisation successful a stronger presumption and has decided that present is the close clip to discontinue from the Board astatine our 2026 AGM.”

Bell, who antecedently worked arsenic radical main compliance serviceman for HSBC and UBS, retired precocious and has acquisition successful compliance, hazard management, and enactment roles astatine large fiscal institutions.

He has besides interacted with respective regulatory authorities, including the Financial Conduct Authority and the European Central Bank.

Quinn added: “I americium pleased to invited Colin Bell to the Board. He brings tremendous acquisition and contributes important capabilities of gathering and operating blase compliance programmes, on with his concern and exertion translation skills.”

Julius Baer noted that with these changes, the Board would not fulfil its sex diverseness targets for now.

The institution said it is successful the process of seeking qualified pistillate candidates for aboriginal information and aims to conscionable diverseness requirements earlier the AGM successful 2027.

More details astir the board’s creation volition beryllium shared successful the AGM circular expected successful March.

The Swiss wealthiness manager reported a 25% autumn successful nett net for 2025, down to SFr764m ($981.3m).

This diminution was attributed to one-off charges and recognition losses of SFr213m, pursuing writedowns linked to the illness of Signa spot radical successful the erstwhile year.

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