Julius Baer Holding Ltd. confirms timetable for upcoming separation
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Zurich, 25 September 2009 --- Julius Baer Holding Ltd. todayconfirmed the timetable for the separation of its private banking andasset management businesses. Completion of the separation isscheduled for 30 September 2009, with the first day of trading ofJulius Baer Group Ltd. and GAM Holding Ltd. as separately listedentities expected for 1 October 2009. Both companies will givepresentations on their future strategies at 2.00 p.m. CET today.Separation of Private Banking and Asset ManagementJulius Baer Holding Ltd. ('Julius Baer Holding') today confirmed thetimetable for the separation of its operations into two distinct,fully independent groups, both individually listed on the SIX SwissExchange. Julius Baer Group Ltd. ('Julius Baer Group') will focus onprivate banking services while GAM Holding Ltd. ('GAM Holding') willconcentrate on active asset management. The separation is scheduledfor completion on 30 September 2009 and the first trading day forJulius Baer Group and GAM Holding as separately listed entities isexpected for 1 October 2009.As previously announced, the transaction will be structured as acarve-out of Julius Baer Group from Julius Baer Holding. Julius BaerGroup will comprise Bank Julius Baer & Co. Ltd. as its principaloperating entity, as well as certain related ancillary businesses.Julius Baer Holding will be renamed GAM Holding Ltd. and will becomposed of GAM, Swiss & Global Asset Management (formerly JBAM) anda participation in Artio Global Investors Inc. ("Artio Global") theshares in which yesterday commenced trading on the New York StockExchange following a successful initial public offering.On the first trading day, each holder of one Julius Baer Holdingshare will automatically become the owner of one share in each ofJulius Baer Group (ticker: BAER) and GAM Holding (ticker: GAM).Julius Baer GroupWith CHF142bn assets under management as of 30 June 2009, Julius BaerGroup will be the leading Swiss pure private banking group standingto benefit from private clients' increasing level of demand for theservices of an independent, strongly capitalised and fully dedicatedprivate banking franchise. Julius Baer Group will continue theexpansion of its international network and complete the shift of itsservices and product model towards a unique 'open architecture'philosophy, allowing for a truly unrestricted choice of the bestservices and products available to its clients.GAM HoldingWith CHF156bn of assets under management as of 30 June 2009, GAMHolding will be a leading active asset manager, offering a broad,well diversified range of equity and fixed income investment funds,discretionary portfolio management services and alternativeinvestments. As a stand-alone entity, the business will be able toaccelerate the development of its international institutional and USdistribution franchise.IPO of Artio GlobalYesterday, 24 September 2009, the shares in Artio Global startedtrading on the New York Stock Exchange. Under the final terms, JuliusBaer Holding sold 22,600,000 shares plus a potential additional3,750,000 shares to cover over-allotments.The net proceeds will be allocated as follows: (1) Julius Baer Groupwill receive USD 300 million; (2) GAM Holding will receive theremainder and retain a stake in Artio Global.Strategy presentation in London at 2.00 p.m. CET todayFor details of how to join the strategy presentation by webcast andfor access to the Listing Prospectus and the related Listing Noticeof Julius Baer Group Ltd please go to www.juliusbaer.com/listing. Thestrategy presentation materials will be available at the same URLaddress from 7.00 a.m. CET today. The conference call for mediarepresentatives will start at 4.00 p.m. CET today.Corporate contacts following the presentationJulius Baer Group Ltd.Media Relations: +41 58 888 8888Investor Relations: +41 58 888 5256GAM Holding Ltd.Media Relations: Juerg Wildberger,Hirzel.Neef.Schmid.Konsulenten, +41 43 344 4242Investor Relations: Thomas Schneckenburger, bluechip financialcommunications, +41 79 407 9952Artio Global Investors Inc.Media Relations: Neil Shapiro, Intermarket, +1 212 754 5423Investor Relations: Peter Sands, Head of IR, +1 212 297 3699Important DisclaimerTHIS PRESS RELEASE DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER ORINVITATION TO SELL, SUBSCRIBE FOR, UNDERWRITE OR OTHERWISE ACQUIREANY SHARES IN JULIUS BAER HOLDING LTD., JULIUS BAER GROUP LTD., GAMHOLDING LTD. OR ARTIO GLOBAL INVESTORS INC., OR ANY OTHER SECURITIES,NOR SHALL IT OR ANY PART OF IT NOR THE FACT OF ITS DISTRIBUTION ORCOMMUNICATION FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH,ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION IN RELATION THERETO.THIS PRESS RELEASE DOES NOT CONSTITUTE AN ISSUE PROSPECTUS PURSUANTTO ARTICLE 652a OF THE SWISS CODE OF OBLIGATIONS OR A LISTINGPROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE.IN CONNECTION WITH THE LISTING OF JULIUS BAER GROUP LTD. ON THE SIXSWISS EXCHANGE, A LISTING PROSPECTUS HAS BEEN PUBLISHED WHICHCONTAINS DETAILED INFORMATION ON JULIUR BAER GROUP LTD. AND ITSBUSINESS AND FINANCIAL CONDITION AS WELL AS FINANCIAL INFORMATION.THE INFORMATION INCLUDED IN THIS PRESS RELEASE REGARDING JULIUS BAERGROUP LTD. IS QUALIFIED IN ITS ENTIRETY BY THE INFORMATION CONTAINEDIN THE LISTING PROSPECTUS. THIS LISTING PROSPECTUS CAN BE ORDEREDFROM ZUERCHER KANTONALBANK (ZKB), TELEPHONE +41 (0) 44 293 6735,FACSIMILE +41 (0) 44 293 6732, E-MAIL: PROSPECTUS(at)ZKB.CH, AND IS ALSOAVAILABLE IN ELECTRONIC FORM ON THE WEBSITE OF JULIUS BAER HOLDINGLTD. (WWW.JULIUSBAER.COM/LISTING).Important Notice Regarding Forward-Looking StatementsTHIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS REGARDINGEVENTS AND TRENDS THAT ARE SUBJECT TO RISKS, UNCERTAINTIES ANDASSUMPTIONS AND OTHER FACTORS THAT COULD CAUSE THE ACTUAL RESULTS ANDFINANCIAL POSITION OF JULIUS BAER HOLDING LTD. OR JULIUS BAER GROUPLTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC. TO DIFFERMATERIALLY FROM THOSE EXPRESSED IN, OR SUGGESTED BY, THESEFORWARD-LOOKING STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE THOSEDIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO: LIMITATIONS ORCONDITIONS IMPOSED ON JULIUS BAER HOLDING LTD. OR JULIUS BAER GROUPLTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC. IN CONNECTIONWITH CHANGING BUSINESS OR OTHER MARKET CONDITIONS, GENERAL ECONOMICCONDITIONS IN SWITZERLAND, THE EUROPEAN UNION, THE UNITED STATES ANDELSEWHERE, AND JULIUS BAER HOLDING LTD.'S OR JULIUS BAER GROUP LTD.'SOR GAM HOLDING LTD.'S OR ARTIO GLOBAL INVESTORS INC.'S ABILITY TORESPOND TO TRENDS IN THE FINANCIAL SERVICES INDUSTRY. THE FORGOINGLIST OF FACTORS IS NOT COMPLETE. JULIUS BAER HOLDING LTD. OR JULIUSBAER GROUP LTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC.DOES NOT UNDERTAKE, NOR IS IT OBLIGED TO UPDATE ANY FORWARD-LOOKINGSTATEMENTS THAT IT MAY MAKE.http://hugin.info/100120/R/1343604/321878.pdf --- End of Message ---Julius Baer HoldingBahnhofstrasse 36, P.O. Box Zurich SwitzerlandISIN: CH0029758650; Index: SLCI, SMI, SMIEXP, SPI;Listed: Main Market in SIX Swiss Exchange;
Datum: 25.09.2009 - 07:00 Uhr
Sprache: Deutsch
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