Effective 1 July 2019, Peter Gerlach, Julius Baer's long-standing head of the Markets Division, has decided to step down from his current role in order to focus on the development of new wealth management business models for the Group.
Luigi Vignola, currently global head structured products, has been appointed to succeed him as head markets and as a member of the Executive Board of Bank Julius Baer & Co. Ltd.
Vignola joined the Bank's Structured Products area in 2009. In 2012 he moved to Singapore to lead the Asian products teams as head markets and advisory solutions. In 2017 he was appointed global head structured products and relocated back to Switzerland.
Julius Baer's CEO Bernhard Hodler said: "Peter Gerlach looks back at a distinguished career at Julius Baer and has been instrumental in leading the technological transformation of our Markets Division since he took over in 2005. He is therefore the ideal person to work on Group-wide pioneering initiatives and projects that will help us to shape the future of wealth management."