FX Markets

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PEOPLE

Bank Julius Baer (BJB) has named Michael Baer as its new global head of FX, money markets and precious metals in Zurich, replacing Franz Ruetsch who has been appointed president of the management committee of Julius Baer Holding, effective January 1, 1998, officials say.

Baer was previously a member of the management committee at Julius Baer Securities in New York. Zurich-based Ruetsch, who succeeds Jurgen Luthi, will be responsible for the group's global trading activities.

Dresdner Kleinwort

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