Julius Baer has appointed Gerassimos Spyridakis as head of a newly created Sub-Region Africa & Eastern Mediterranean effective 1 January 2016, the date of his entry into the Bank. As of the same date, Daniel Ph. Savary, current Sub-Region Head Eastern Mediterranean, Middle East & Africa (EMMEA), will fully focus on leading the Middle Eastern markets and become deputy of Rémy A. Bersier, Region Head and member of the Executive Board. With this step, Julius Baer embraces the strong growth of the markets in this area.

Zurich, 30 September 2015 - In the past four years, Julius Baer's markets in the Sub-Region EMMEA have enjoyed dynamic growth and the overall business volume has strongly increased. In order to be able to focus even more on the different market areas and fully capture their opportunities, Africa & Eastern Mediterranean as well as the Middle East will become separate Sub-Regions as of 1 January 2016.

As head of the Sub-Region Middle East, Daniel Ph. Savary will concentrate on further extending Julius Baer's footprint in this important growth region. He continues to report to Rémy A. Bersier, Region Head Southern Europe, Middle East and Africa (SEMEA) and member of the Executive Board. In addition, he will become the Region Head's deputy, supporting him in strategic projects within SEMEA.

Gerassimos Spyridakis will join Julius Baer and become Sub-Region Head Africa & Eastern Mediterranean, being responsible for Africa, Greece, Cyprus and Turkey, with effect from 1 January 2016. He will report to Rémy A. Bersier and become member of the Management Committee of the Region SEMEA. Prior to joining Julius Baer, Gerassimos Spyridakis has held various senior management positions at Citi Private Bank, including the roles of Global Head of Greece & Cyprus, Israel, Monaco and Africa.

'I am pleased to be able to continue building on Daniel's broad expertise in the Middle East and teaming up with him in strategic projects. At the same time, I am delighted that Gerassimos agreed to assume this new responsibility. With his excellent reputation and vast network he is the right person to further expand our footprint in Africa, Greece, Cyprus and Turkey. Daniel and Gerassimos will closely collaborate to ensure a smooth transition and chart the course for further growth in these key geographical areas,' said Rémy A. Bersier.

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