Julius Baer has redeemed the outstanding one million Non-cumulative Guaranteed Perpetual Preferred Securities with a liquidation preference amount of CHF 225 per security (the "Preferred Securities") on 2 December 2015. The total of one million Preferred Securities, which are not Basel III-compliant, was issued in December 2005 in connection with the acquisition of the SBC Wealth Management Group (UBS Private Banks and GAM) by the former Julius Baer Holding Ltd. The obligations related thereto were assumed by Julius Baer Group Ltd. in 2009.

VISCHER advised Julius Baer with regard to this redemption. The VISCHER team comprised Dr. Markus Guggenbühl, Dr. Jana Essebier, Seraina Tsering and Dominic A. Wyss.