People Moves

Julius Baer Nominates Spanish Veteran For Executive Board Election

Shirin Aguiar, Reporter, 24 December 2021

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Long-term board member retires and industry veteran is nominated for election to the board next year.

Julius Baer has nominated Tomas Varela Muiña (pictured) as a new independent member for election to the board of directors at its 2022 annual general meeting. In addition, shareholders are proposing to re-elect all members of the board of directors, with the exception of Claire Giraut who will not stand for re-election after 12 years of tenure.

During her tenure, she has been a member of the audit and nomination committees and chair of the bank's newly established development and innovation committee since 2020.

Muiña is a Spanish citizen who has spent 40 successful years in audit and finance, initially in the external audit and insurance sectors, as well as in retail and corporate banking for 30 years. From 1992 until March 2021, he served in senior executive positions at Spain’s Sabadell Bank, including as chief financial officer for more than 20 years. 

Since 2015, Muiña has been a non-executive member of the board of TSB Banking Group, Edinburgh, sitting on its risk and audit committees. He holds a bachelor of science in economics from the University of Barcelona and a master of business administration from the European University, Barcelona.

“Claire Giraut has been an ideal sparring partner to the committees and to me personally in matters of long-term transformational change, business development and innovation. On behalf of all our stakeholders and the entire board, I would like to thank Claire for her years of invaluable collaboration, contributions and outstanding service and wish her all the best in her future endeavours,” Romeo Lacher, chairman of the board of directors of Julius Baer, said.

“I am delighted that Tomas Varela Muiña has agreed to stand for election to our board. He brings intimate knowledge of the financial service industry and international key markets as well as an excellent track record as a leader in large financial organisations. As such an experienced executive, he will add excellent audit, risk and financial expertise to the board’s existing competences. We greatly look forward to working with him on the board.”

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