Bank Julius Bär to open branch in Munich

Bank Julius Bär will grow its activities in the German market by opening a branch in Munich on 1 October 2009, thus establishing a presence in the key region of Bavaria.

Gian Rossi, Chairman of the Board of Directors of Bank Julius Bär (Deutschland) AG, commented: "Bavaria is a wealthy region that offers considerable private banking potential. By opening a branch in Munich, we will further expand our strong network in Germany and will send out a clear signal about our commitment to this important European market, where we have been operating for 20 years."

The manager of the new branch, Volker Rützel, has around 20 years of experience in the finance industry. He is joining Julius Bär from UBS in Munich, where he had worked in the area of Private Banking since 1998 and was most recently the Deputy Branch Manager. Together with the relationship managers Jürgen Wörl and Stefan Hansen, Volker Rützel will be responsible for offering first-class advice and specially tailored wealth management solutions to the growing client base of Bank Julius Bär (Deutschland) AG in Bavaria.

"We are delighted to have acquired a well-established and highly experienced team with an excellent track record and a good network of contacts in the region for this important location. By opening a branch in Munich, we will be able to serve our clients in Bavaria even more effectively," added Rossi.

The Munich branch will be located at Brienner Strasse 1 in the heart of the city.

Bank Julius Bär (Deutschland) AG has had a full banking licence for the German market since 1989 and has branches in Frankfurt, Duesseldorf, Hamburg and Stuttgart. The bank has invested continuously in staff and infrastructure at its existing locations in order to steadily strengthen its position in this key market. Bank Julius Bär (Deutschland) AG will celebrate its 20th anniversary in September 2009.