Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Julius Bär Group is a Swiss bank specializing in private banking and asset management.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Glob.Revenue, mln.USD
4057
The Company Statement
July 25, 2023

Wind down Russian office, suspend new business in Russia, reduce current exposure; retain current Russian clients. The Swiss bank Julius Baer, on the instructions received from the Belgian depository Euroclear, will carry out the segregation of securities of Russian citizens who do not have passports, residence permits of the European Union, the European Economic Area and Switzerland. One of the largest banks in Switzerland, Julius Baer, is going to stop serving clients from the Russian Federation in the near future. The financial organization intends to close the accounts of Russians using its services by December 31, 2023.

July 25, 2023Swiss bank Julius Baer will close accounts for clients from Russia
May 22, 2023Swiss bank Julius Baer segregates and freezes accounts of Russians
March 21, 2022Julius Baer update on Russia
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