Wednesday, Julius Baer unveiled details of the planned IPO of its US asset management subsidiary, Artio Global Investors.

New York City-headquartered Artio started marketing its IPO of 23.4 million shares of Class A common stock. The proposed offering is expected to price and be completed by September 30.

The Wall Street Journal reported that analysts expect the price to be in the $19 to $24 range, which would value Artio at up to $1.5 billion.

Goldman Sachs serves as sole global coordinator and bookrunner for the proposed offering, Merrill Lynch, Pierce, Fenner & Smith Incorporated is the co-lead manager and Deutsche Bank Securities, UBS Securities and Keefe, Bruyette & Woods are acting as co-managers.

Press Release Zurich / New York - 9 September 2009 - Julius Baer Holding Ltd. announced today that its subsidiary Artio Global Investors Inc. (the Company), the parent company of Artio Global Management LLC, has launched marketing of its initial public offering in the United States of 23,400,000 shares of its Class A common stock.

The underwriters have the option to purchase from the Company up to an additional 3,510,000 shares of Class A common stock, on the same terms and conditions, to cover over-allotments, if any. The proposed offering is expected to price and be completed by 30 September, 2009.

The Company intends to use the net proceeds from the offering to repurchase 21,000,000 shares of Class C common stock from Julius Baer Holding Ltd. - equivalent to 50% of Julius Baer Holding Ltd.'s total stake - and 1,200,000 shares of Class A common stock from each of Richard Pell and Rudolph-Riad Younes.

The shares have been approved for listing on the New York Stock Exchange under the ticker symbol "ART" and will commence trading upon completion of marketing when the offering is priced.

Goldman, Sachs & Co. is serving as sole global coordinator and bookrunner for the proposed offering, Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as co-lead manager and Deutsche Bank Securities Inc., UBS Securities LLC and Keefe, Bruyette & Woods, Inc. are acting as co-managers for the offering.

A copy of the prospectus relating to these securities may be obtained, when available, from: Goldman, Sachs & Co., 85 Broad Street, NY, NY 10004, telephone: 1-866-471-2526, fax: 212-902-9316 or email: prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Artio Global Investors Inc. is an asset management company that provides investment management services to institutional clients and, through its mutual funds, to retail clients.

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