Original language of the article: German
Bank Julius Baer continues to expand in its home market Switzerland and forms a new submarket Aargau and Solothurn, for which Claude Lüthi has joined the bank as of the beginning of 2023 to manage and build up. Also as of January 1, 2023, Sepp Zellweger has started as head of the new area for charitable foundations in Switzerland.
Zurich, January 9, 2023 - Bank Julius Baer continues to expand in its Swiss home market and has formed a new sub-market for the regions of Aargau and Solothurn. As of 1 January 2023, Claude Lüthi has joined Julius Baer and has taken over the management of this market, which he is building up and managing from Zurich. Also as of January 1, 2023, Josef (Sepp) Zellweger has joined Julius Baer to build up an advisory division for charitable foundations in Switzerland. He will report to Claude Lüthi in this function. Together with them, several client advisors for the two teams have joined the bank.
Claude Lüthi has more than 20 years of experience in private banking. He joins Julius Baer from Credit Suisse Switzerland, where he held various specialist and management positions in private banking since 2002. For the last six years, he was Head of the Zurich North Region, Private Banking. Claude Lüthi studied private law at the University of Bern.
Sepp Zellweger is a proven financial expert with many years of experience and an extensive network in the charitable foundation sector. Prior to Julius Baer, Sepp Zellweger worked at Credit Suisse Switzerland. There he held various positions since 1993, most recently as Head of Partnerships, Foundations & Acquisitions for six years. Sepp Zellweger holds a degree in Business Administration from the University of Zurich and in Marketing from the University of St. Gallen.
Gilles Stuck, Head of Market Switzerland, Julius Baer, said: "I am very pleased that Claude Lüthi and Sepp Zellweger will join a team of proven relationship managers to develop and expand the Aargau and Solothurn market and our offering for charitable foundations. They bring with them excellent track records and extensive experience. Both originally come from the top sports world and are used to delivering top performance. I am convinced that they will help us to serve our clientele even better on a regional basis and to further develop our tailored services in Switzerland."
The expansion steps in the Swiss market follow Julius Baer's strategic announcements to continuously hire and train front-office staff. In recent weeks, the bank has made further significant additions across Switzerland in various locations and areas.
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Julius Baer is the leading Swiss wealth management group and a premier brand in this global sector, focused on providing personalized service and advice to sophisticated private clients. Everything we do is guided by our overarching goal: to create value that goes beyond the financial. As of the end of October 2022, assets under management amounted to CHF 429 billion. Bank Julius Baer & Co. Ltd., the renowned private bank whose origins date back to 1890, is the main operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are part of the Swiss Leader Index (SLI), which comprises the 30 largest and most liquid Swiss stocks.
Julius Baer is present in over 25 countries and around 60 locations. Headquartered in Zurich, we are represented in key locations such as Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Milan, Mexico City, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore, Tel Aviv and Tokyo. Our client-centric focus, our objective advice based on Julius Baer's open product platform, our solid financial foundation and our entrepreneurial management culture make us the international reference in wealth management.
For more information, please visit our website at www.juliusbaer.com.
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