Julius Baer: Johannes A. de Gier retires as Group CEO of Julius Baer, continues as Executive Chairman of GAM

Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------

Given the successful implementation in 2007 of a pure financial
holding company model for the Group with Bank Julius Baer, GAM, and
Artio Global operating as fully stand alone independently managed
companies, the role of Group CEO at Julius Baer Holding can
appropriately be eliminated. Therefore, on 1 September 2008, Johannes
A. de Gier will retire as planned from his function as Group CEO and
continue as Executive Chairman of GAM, while also remaining an
advisor to the Board of Directors of Julius Baer Holding on strategic
matters.

Julius Baer will continue to focus exclusively on wealth management.

Since November 2007, Julius Baer Holding Ltd., Zurich, has been
operating as a pure financial holding company focusing on critical
Group functions such as strategy, financial control and reporting,
capital management, Group legal & compliance, Group risk management
and Group communications.

As the owner of the three entities Bank Julius Baer, GAM, and Artio
Global, Julius Baer Holding pursues the strategy of guiding three
independently run wealth managers with their own business models,
brands, operating platforms, and proven management leadership
supported by independent Board structures. The US asset management
business, Artio Global, as previously announced, is intended to be
listed on the NYSE subject to favourable market conditions. This will
leave the Group with two distinct assets: Bank Julius Baer, the
global private bank under the leadership of Alex W. Widmer and GAM,
the boutique alternative and active investment manager, under the
leadership of David M. Solo. Both companies have a strong focus on
High Net Worth Individuals as their core clients. Beside mutual
synergies, Bank Julius Baer and GAM are well positioned to take
advantage of opportunities arising from the current challenging
market conditions.

After Johannes A. de Gier's retirement on 1 September 2008 from his
function as Group CEO, he will continue as Executive Chairman of GAM.
"We are delighted to continually benefit from his extensive industry
knowledge and experience, not least in future strategic matters of
the Group", Raymond J. Baer, Chairman of the Board of Julius Baer
Holding said. He continued: "The Board of Directors wishes to express
its appreciation to Johannes A. de Gier for his significant
contribution to a successful re-positioning of the new Julius Baer
Group as the leading dedicated wealth manager in Switzerland, as well
as his careful work to put in place a smooth management transition to
our new financial holding company model."

Contact:
Media: +41 (0) 58 888 5777
Investors: +41 (0) 58 888 5256

--- End of Message ---

Julius Baer Holding
Bahnhofstrasse 36, P.O. Box Zurich
Switzerland

ISIN: CH0029758650; Index: SLCI, SMI, SMIEXP, SPI;
Listed: Main
Market in SWX Swiss Exchange;
Copyright © Hugin AS 2008. All rights reserved.