Heinrich Baumann will join the board at the Zurich-based Julius Baer group’s next annual general meeting on 7 April 2011, subject to shareholder approval.

Baumann at present runs an independent consultancy, but has worked in various key functions in the wealth management and financial industries in Switzerland, North America and Asia. From 1999 to March 2009 he was a member of the executive committee of HSBC Guyerzeller Bank, first as chief operating officer and later as chief executive. Previously, he spent over twenty years at UBS.