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Julius Baer relocates CEO East Mediterranean and Middle East to Geneva and nominates new CEO Cairo

Egypt: Wednesday, December 01 - 2010 @ 12:24

After building up the Cairo office over the last two years, he will return to Geneva – the strategic centre of Julius Baer’s Middle East business – to oversee the further expansion of the Group’s advisory activities across the region.

To ensure a smooth transition within Julius Baer Advisory S.A.E. in Cairo, Olivier Meystre handed over the role of CEO to Wael Hamroush on 1 October 2010. These changes will strengthen Julius Baer’s operations in the Middle East region and underscore the Bank’s commitment to this important market.

Olivier Meystre has been CEO East Mediterranean and Middle East and CEO of Julius Baer Advisory S.A.E. in Cairo since September 2008. In these two functions, he played a pivotal role in positioning Julius Baer as a leader in the region’s wealth management industry. With his move to Geneva, he will be able to capitalise on his experience in building up local advisory capabilities for the benefit of all of Julius Baer’s Middle Eastern offices.

Wael Hamroush was appointed CEO of Julius Baer Advisory S.A.E. in Cairo on 1 October 2010. He has an excellent network of contacts in the region and more than 10 years of experience in the field of private banking. He has represented various Swiss banks in Cairo for over a decade.

Thomas Meier, CEO Middle East and Asia, commented: “Under the leadership of Olivier Meystre, we have established a successful operation in Cairo and significantly strengthened our business in the Middle East. Olivier’s relocation to Geneva marks an important step forward in our regional strategy in the Middle East and will have a considerable impact on our expansion plans and future presence in this key growth market. Thanks to his outstanding track record and strong ties to the region, Wael Hamroush is an invaluable addition to our team. Both appointments underscore our continued strong commitment to the Middle East.”

Olivier Meystre stated: “I look forward to continuing to drive the growth of our business in the Middle East from Geneva. Together with our highly experienced teams, we will build on the first-class reputation that Julius Baer already enjoys among our clients in the Middle East and will focus on investing in and strengthening our business momentum in this region.”

Julius Baer’s offices in the Middle East serve as a point of contact for private banking clients who wish to invest internationally and provide them with a comprehensive range of best-in-class information on wealth management products and services. The Swiss private bank is continuing to invest in its local infrastructure and in the expansion of its teams of finance professionals to ensure it is ideally positioned to meet the individual needs of clients in the region. Julius Baer has offices in Abu Dhabi, Cairo, Dubai and Istanbul.

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Wednesday, December 1- 2010 @ 12:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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