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March 19, 2012

WBrief: Raymond Baer standing down as chairman of Julius Baer

By Spear's

Raymond Baer, chairman of the Julius Baer private bank that bears his family name, is standing down from his role as chairman after having been associated with the firm for almost 25 years, it announced today

Raymond Baer, chairman of the Julius Baer private bank that bears his family name, is standing down from his role as chairman after having been associated with the firm for almost 25 years, it announced today. As part of the change, Baer will now lead a committee dealing with tax affairs in the US.

Baer will stay as on honorary chairman as of the annual general meeting of the bank’s shareholders on 11 April. Daniel Sauter, a board member since 2007, will stand for election to the chairmanship on that AGM date, Julius Baer said in a statement.

Sauter has had a financial and corporate industry career lasting almost 30 years. He started in the banking and finance industry and moved on to the commodity business in 1983. He held the position of chief financial officer at Glencore International from 1989 to 1998 and was CEO and managing director of Xstrata from 1995 until 2001. Since then he has served on the board of numerous listed and non-listed companies.

To read the full story, visit wealthbriefing.com

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