The Swiss private bank announced in August this year that it is acquiring Merrill Lynch’s international wealth management business (outside the US). At the time it said its management structure would be realigned to reflect the change in early 2013 and has now said this will be brought forward to 1 January, with Gregory Gatesman designated chief operating officer, joining on 1 February 2013 when the acquisition is expected to formally complete.
In a statement today, Julius Baer said: “Due to the good progress of the preparatory activities for the integration, the realignment of the Executive Boards of Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd. will already come into effect on 1 January 2013.”
