Julius Baer announces board overhaul

Group 1 - Julius Baer Group announced that Olga Zoutendijk will not stand for re-election to its board of directors at the AGM on 9 April 2026, stepping down from her position at that time [1] - The company plans to nominate Urban Angehrn and Colin Bell as new members of the Board at the 2026 AGM [1] - Board chairman Noel Quinn expressed gratitude for Zoutendijk's contributions over the last seven years, highlighting her role in the Audit Committee and Governance & Risk Committee [2][3] Group 2 - Colin Bell, who has experience in compliance and risk management from his previous roles at HSBC and UBS, will join the Board [3][4] - Julius Baer noted that the Board will not meet its gender diversity targets with these changes, but is actively seeking qualified female candidates for future consideration [4][5] - The company reported a 25% fall in net profit for 2025, down to SFr764 million ($981.3 million), attributed to one-off charges and credit losses of SFr213 million linked to the collapse of Signa property group [5][6]