Julius Baer Group today announced significant changes to its Board of Directors, with Vice Chairman Richard Campbell-Breeden deciding not to seek re-election at the upcoming Annual General Meeting (AGM). He will be succeeded by Juerg Hunziker, subject to shareholder approval. Additionally, Urban Angehrn has agreed to join the Board as an independent non-executive Director.
Sir Noel Quinn, Chairman of the Board, expressed gratitude for Campbell-Breeden's eight years of service, particularly his leadership in recruiting a new CEO and Chairman. Quinn stated, 'Richard led the process to recruit a new CEO and Chairman of Julius Baer. Having successfully completed both additions and ensured a smooth transition, he has now decided that it is the right time for him to step down.'
Juerg Hunziker, who will assume the Vice Chairman role, brings 40 years of experience in technology and financial services, both internationally and in Switzerland. Quinn noted, 'Since I became Chairman, I have seen first-hand the value of Juerg’s 40 years of technology and financial services knowledge... He is an excellent candidate for Vice Chairman.' Hunziker's appointment ensures the Board maintains permanent senior representation in Switzerland, a critical growth market and the firm's headquarters.
Urban Angehrn, proposed as an independent non-executive Director, has over 30 years of financial services experience in Switzerland, including serving as CEO of FINMA and as a member of the Executive Committee and Group Chief Investment Officer of Zurich Insurance Group. Quinn emphasized, 'Urban brings extensive experience in investment management and risk management within large and complex organisations... I am confident that he will further strengthen the Board’s oversight.'
These changes reflect Julius Baer's commitment to robust governance and strategic continuity. The appointments will be formally proposed at the AGM, with further details on Board and committee composition to be provided in the AGM circular in March. Julius Baer, a leading independent Swiss wealth management group, manages CHF 521 billion in assets and operates in around 25 countries. For more information, visit www.juliusbaer.com.
