The Julius Baer Group has announced significant changes to its Board of Directors, with Richard Campbell-Breeden deciding not to seek re-election at the next Annual General Meeting and stepping down from his role as Vice Chairman. He will be succeeded by Juerg Hunziker, subject to shareholder re-election. Additionally, Urban Angehrn has agreed to join the Board as an independent non-executive Director from the 2026 AGM, pending shareholder approval.
These leadership transitions are important for maintaining governance stability and strategic oversight at one of Switzerland's leading wealth management institutions. Board Chairman Sir Noel Quinn acknowledged Campbell-Breeden's eight years of service, particularly his leadership in recruiting a new CEO and Chairman. "Having successfully completed both additions and ensured a smooth transition, he has now decided that it is the right time for him to step down," Quinn stated.
The appointment of Juerg Hunziker as Vice Chairman ensures continued senior representation within Switzerland, which remains a critical growth market for Julius Baer. Quinn highlighted Hunziker's "40 years of technology and financial services knowledge, both internationally and in Switzerland, as well as his experience as a CEO building high-quality customer-focused organisations." This expertise is particularly valuable as the wealth management sector navigates increasing digital transformation and client service expectations.
The addition of Urban Angehrn brings substantial regulatory and risk management experience to the board, having served most recently as CEO of FINMA and previously as a member of the Executive Committee and Group Chief Investment Officer of Zurich Insurance Group. Quinn noted that Angehrn brings "extensive experience in investment management and risk management within large and complex organisations, along with a great understanding of global financial markets, regulation, and corporate governance."
These board changes occur as Julius Baer continues to strengthen its position as the leading independent Swiss wealth management group, with assets under management amounting to CHF 521 billion at the end of 2025. The company maintains a global presence with offices in approximately 25 countries and 60 locations, including key financial centers such as Hong Kong, Singapore, London, and Dubai. Further details on board and committee composition will be provided in the AGM circular to be published in March. For more information about the company, visit https://www.juliusbaer.com.
The implications of these board changes extend beyond internal governance, potentially influencing investor confidence and the bank's strategic direction in a competitive global wealth management landscape. With Switzerland remaining headquarters and a critical market, maintaining strong local leadership and regulatory expertise through Hunziker and Angehrn positions Julius Baer to navigate complex financial regulations while pursuing growth opportunities. The transitions reflect careful succession planning that balances institutional knowledge with fresh perspectives, which is essential for long-term stability in the financial services sector.
