Julius Baer today said it has appointed Burkhard Varnholt as its new head of the firm’s investment solutions group and as its chief investment officer from 1 March next year.

Julius Baer today said it has appointed Burkhard Varnholt as
its new head of the firm’s investment solutions group and as its chief
investment officer from 1 March next year, taking the roles previously held by Hans
Lauber.

Lauber is leaving the Swiss bank for private reasons and
some time ago asked to be relieved of his duties to devote more time to his
family, a statement from the private bank said.

Prior to joining Julius Baer, Varnholt,
who has more than 20 years of experience in the industry, had been CIO and head
of asset management and institutional clients of Bank J Safra Sarasin; prior to
that, he had held a senior position at Credit Suisse.

Lauber, meanwhile, will retain his current roles and duties
until the handover on 1 March.

Among recent news at the Zurich-listed bank, Julius Baer
last said it had taken full control of the Merrill Lynch International Wealth
Management businesses in Lebanon,
Bahrain
and UAE, continuing the process of transferring operations into the
Swiss-listed bank around the world.

The transfer of the businesses follows moves to take full
control of other Merrill Lynch IWM operations since Julius Baer agreed to
acquire the US
firm’s non-US wealth business in August 2012. Julius Baer has already taken
control of operations in regions such as the UK.