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Julius Baer Gruppe AG (BAER.S)

BAER.S on Virt-X Level 1

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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 

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 says appoints Régis Burger as Middle East CEO
Monday, 10 Oct 2016 

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 

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 

: 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 CFO says convinced can hit net new money target in each single year
Monday, 25 Jul 2016 

Julius Baer : CFO says on track to hit target cost savings targets -media call . CEO says expect recruitment drive to last another few months, there’s a chance new hires will be higher than the 200 announced for H1 . CEO says doesn’t think Brexit will fundamentally change role of London as financial center for the wealthy . CEO says bank hasn’t started to scale back investments in UK, still trying to understand how Brexit will pan out . CFO says convinced can hit net new money target in each single year Further company coverage: [BAER.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Julius Baer chairman says capital increase possible for suitable acquisition-Bilanz
Thursday, 16 Jun 2016 

Julius Baer Gruppe AG :Chairman says does not rule out a capital increase to help fund a suitable acquisition opportunity -Bilanz.  Full Article

Julius Baer appoints Robert-Charrue as head investment solutions group ad interim
Tuesday, 10 May 2016 

Julius Baer Gruppe Ag : Appoints Yves Robert-Charrue as head investment solutions group ad interim . He succeeds Burkhard Varnholt who, following realignments within ISG at beginning of this year, has decided to leave bank at end of May Further company coverage: [BAER.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Julius Baer Gruppe completes transaction to acquire additional stake of 60.1 pct in Kairos Investment Management SpA
Monday, 4 Apr 2016 

Julius Baer Gruppe AG:Completes transaction to acquire additional stake of 60.1 pct in Kairos Investment Management SpA for 276 million euros.Transaction brings group's total ownership of Kairos to 80 pct.  Full Article

Julius Baer Gruppe announces final settlement with the U.S. Department of Justice
Friday, 5 Feb 2016 

Julius Baer Gruppe AG:Announced that it has reached a final settlement with the U.S. Department of Justice (DOJ) in connection with its legacy U.S. cross-border private banking business.Has entered into a Deferred Prosecution Agreement pursuant to which it will pay the previously communicated amount of $ 547.25 million.  Full Article

Julius Baer Gruppe proposes to raise dividend by 10 pct to 1.10 francs
Monday, 1 Feb 2016 

Julius Baer Gruppe AG:Proposes raising dividend by 10 percent to 1.10 francs.  Full Article

Swiss stocks - Factors to watch on Dec 11

ZURICH, Dec 11 The Swiss blue-chip SMI was seen opening 0.3 percent higher at 9,351 points on Monday, according to premarket indications by bank Julius Baer .