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Press Release

Wednesday, June 25, 2008

Bank Julius Baer to open branch in St. Moritz

Julius Baer, Switzerland's leading dedicated wealth manager, is to open a branch in St. Moritz on 1 December 2008. This move is aimed at providing clients with direct local access to the bank's comprehensive range of wealth management services and at strengthening Julius Baer's position in its important Swiss home market. The branch will be managed by Heinz Inhelder.

Bank Julius Baer is strengthening its activities in its Swiss home market. The opening of a branch in Via Serlas 23 in St. Moritz on 1 December 2008 will provide the bank with a presence in one of the world's most renowned and exclusive holiday destinations.

Gian Rossi, CEO German-speaking Switzerland/Europe, UK and Scandinavia at Bank Julius Baer, stated: "With its unique Engadine charm, outstanding range of sporting and cultural attractions and breathtaking scenery, St. Moritz has been a preferred destination of sophisticated visitors from throughout the world since the 19th century. It also offers considerable potential as a private banking location and we are delighted that we will be able to offer our services to clients in St. Moritz by the end of this year."

The branch manager, Heinz Inhelder, has around 30 years of experience in the field of private banking - most recently as the head of the St. Moritz branch of UBS, which he managed for several years. He was also responsible for the canton Grisons in his role as Head of Private Banking International. Together with the relationship managers Adriano Trivella, Marco Kleger and Fredy della Torre, he will be responsible for developing specially tailored wealth management solutions in the region.

"We are delighted that we have been able to hire a highly experienced team with an outstanding track record and extensive knowledge of the region for this key location," commented Gian Rossi. "Heinz Inhelder, Adriano Trivella, Marco Kleger and Fredy della Torre will make a significant contribution towards firmly establishing Bank Julius Baer's presence in St. Moritz."

Bank Julius Baer established a securities investment firm (SIM) for private clients in Milan on 4 June 2008 and announced on 9 June 2008 that it will open a branch in St. Gallen in the fall.