Swiss private bank Julius Baer has proposed Romeo Lacher for election as new non-executive chairman of the Board at the upcoming Annual General Meeting to be held on 10 April 2019. Effective that date, he will succeed Daniel J. Sauter, who decided not to seek re-election after his tenure of 12 years as board member, of which he served the past seven as chairman.
The board has further nominated Eunice Zehnder-Lai and Olga Zoutendijk for election as new members of the board. They will complement the board, as Andreas Amschwand (announced in September 2018) and Gareth Penny are not seeking re-election at the AGM in April 2019. All of the other current members of the board of directors will stand for re-election.
J. Sauter will retain a close relationship with Julius Baer by continuing in the role as president of the Julius Baer Foundation Board.
Romeo Lacher has been chairman of the board of directors of SIX Group AG since 2016 and served as its vice chairman from 2008 until 2016. He is expected to keep this mandate also as chairman of Julius Baer. Furthermore, he is member of the board of directors of exchange-listed Wordline SA, France (ticker WLN.PA). He spent 26 successful years at Credit Suisse, where he was responsible for Private Banking region EMEA/Western Europe and held the position of chief operating officer at Credit Suisse International Wealth Management until 2016.
Eunice Zehnder-Lai who has broad executive experience and has worked in Greater China, Switzerland and USA. She is a member of the board of directors of Geberit Group and DKSH Group, both listed on the SIX Swiss Exchange. Until November 2018, she was CEO of Institut für Persönlichkeitsorientiertes Management AG. Zehnder-Lai has 20 years of experience in the financial industry, having worked for LGT Capital Partners, Goldman Sachs and Merrill Lynch, covering asset and portfolio management, private wealth and corporate finance.
Olga Zoutendijk has 30 years of experience in banking in Asia, Australia, Europe and the United States. During her career, she held senior executive positions in retail, corporate and investment banking with ABN AMRO Bank, Standard Chartered Bank and Westpac Banking Corporation. From 2014 to 2018, Zoutendijk was a member of the Supervisory Board of ABN AMRO Group N.V., which she chaired from 2016 to 2018. She is a member of the Board of Governors of Leiden University in the Netherlands.