Julius Baer update on Russia
Julius Baer Group Ltd.
/ Key word(s): Miscellaneous
Zurich, 21 March 2022 -Julius Baer today publishes details on its Russia exposure and its support of the relief efforts. Commenting on Russia's invasion of Ukraine, Philipp Rickenbacher said: 'I believe I speak for all my colleagues at Julius Baer when I express my sadness and concern for those affected by this deplorable act of aggression. This feeling is mirrored in the generous contributions by our employees to a recent fundraising initiative in support of the relief efforts for the most vulnerable civilians in this war. Besides contributing financially to humanitarian help, Julius Baer is fully focused on managing all risks for the Group and its clients with the utmost discipline.' Julius Baer is donating CHF 2 million to support the activities of the Swiss Red Cross in Moldova and Poland and the Swiss Refugee Council. Its employee organisation 'JB Cares Switzerland' collected funds from staff that, after being matched by the Julius Baer Foundation, resulted in an additional donation of CHF 450,000 to the Swiss Red Cross. As of 18 March 2022, Julius Baer's overall exposure to Russia was as follows:
Contacts Media Relations, tel. +41 (0) 58 888 8888 Investor Relations, tel. +41 (0) 58 888 5256 About Julius Baer Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. At the end of 2021, assets under management amounted to CHF 482 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks. Julius Baer is present in over 25 countries and more than 60 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, Mumbai, São Paulo, Singapore and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management. For more information, visit our website at www.juliusbaer.com Cautionary statement regarding forward-looking statements This media release by Julius Baer Group Ltd. ('the Company') includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations and projections about the Company's future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to identify those forward-looking statements by using the words 'may', 'will', 'would', 'should', 'expect', 'intend', 'estimate', 'anticipate', 'project', 'believe', 'seek', 'plan', 'predict', 'continue' and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at this time, may prove to be erroneous. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Company's actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and the Company's ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. The Company and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in the Company's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.
End of Media Release |
Language: | English |
Company: | Julius Baer Group Ltd. |
Bahnhofstrasse 36 | |
8010 Zurich | |
Switzerland | |
Phone: | +41 58 888 11 11 |
E-mail: | [email protected] |
Internet: | www.juliusbaer.com |
ISIN: | CH0102484968 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1307021 |
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1307021 21.03.2022