from Julius Baer Holding Ltd.
Management Buyout at Julius Baer Investments Ltd. London
Zurich, 11 January 2007 --- Julius Baer Holding Ltd. has agreed to sell its UK-based subsidiary
Julius Baer Investments Ltd. to management.
Julius Baer Holding Ltd. has entered into a management buyout transaction with key management of
Julius Baer Investments Ltd. (JBIL), its UK-based subsidiary that specialises in fixed income and
currency asset management. Under the agreement, Julius Baer Holding Ltd. will retain a 10% stake in
JBIL, now named Augustus Asset Managers Limited. This company, led by the current management of
Julius Baer Investments Ltd, will continue to be the sub-advisor on a number of Julius Baer SICAV
mutual funds and the investment manager of the Julius Baer hedge funds.
This transaction was initiated when it became clear that although JBIL was running a very successful
investment business, it did not make sense for either JBIL or the Julius Baer Group to functionally
integrate this quite distinct business into GAM, the London based alternative asset manager, given the
very different investment approach of the two entities. This management buyout offers the former Julius
Baer Investments Ltd. team the independence to grow and develop their business as they see fit, while
providing the Julius Baer Group with continued working relationships where they make good strategic
and economic sense for the Group.
Overall assets under management impacted by this management buyout is approximately CHF 11
billion. Of this total, approximately CHF 8 billion will continue to be managed by Julius Baer,
with Augustus appointed as the sub-advisor.
Following approval by the UK’s Financial Services Authority (FSA), the transaction became effective as
of 11 January 2007.
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About Julius Baer
The Julius Baer Group is the leading dedicated wealth manager in Switzerland. The Group, whose roots
date back to the 19th century, concentrates exclusively on the fields of private banking and asset
management for private and institutional clients. With more than 3,500 employees worldwide, the Group
managed assets amounting to approximately CHF 320 billion at the end of June 2006. The Julius Baer
Group’s global presence comprises over 30 locations in Europe, North America, Latin America and Asia,
including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano,
New York, Singapore and Tokyo. Bank Julius Baer, the key company of the Group, has a long-term debt
rating of Aa3 from Moody’s. The shares of Julius Baer Holding Ltd are listed on the SWX Swiss
For more information: www.juliusbaer.com