Julius Baer

Julius Bär proposes Caroline Kuhnert and Elaine Arden for election to the board of directors; the vote is planned at the general meeting in April 2027. Kuhnert brings about 20 years of experience in wealth management at UBS and expertise in private banking and the Swiss market. Arden was head of HR at HSBC and the Royal Bank of Scotland and is expected to add skills in cultural change, compensation, talent development and succession planning. The bank will publish the future composition of the board and its committees with the invitation to the general meeting in March 2027. » More on finanzen.net

Julius Bär is launching a share buyback program of up to 600 million francs, which will start in the coming weeks and is expected to be completed within a year. Finma approved the buyback after closing its enforcement proceeding related to Signa losses and had previously lifted relaxed immediate measures. The bank is adjusting its distribution policy and will henceforth pay a progressive dividend of 40–60 percent of IFRS consolidated profit; the target remains a CET1 ratio of around 15 percent (mid‑2026: 18.5 percent). » More on finanzen.net

The Swiss financial regulator Finma has closed its proceedings against Julius Bär and found serious breaches in risk management and anti-money laundering controls. Julius Bär confirmed the closure and has filed an application with Finma to resume share buybacks; the stock rose about eight percent. The investigation concerned loans to a European corporation and client relationships with two politically exposed persons from Russia; the case is the fifth Finma proceeding against the bank in less than ten years. » More on handelsblatt.com