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Julius Baer prices IPO of Artio Global Investors

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Julius Baer has priced the initial public offering of its subsidiary Artio Global Investors, parent company of Artio Global Management, in the US of 25,000,000 shares of its class A common stock at USD 26.00 per share.

The shares will begin trading on the New York Stock Exchange on 24 September 2009 under the ticker symbol ART.

The underwriters have the option to purchase from the company up to an additional 3,750,000 shares of class A common stock, on the same terms and conditions.

Artio Global Investors intends to use the net proceeds from the offering to repurchase 22,600,000 shares of class C common stock from Julius Baer – equivalent to 54 per cent of Julius Baer’s total stake (or 26,350,000 shares, equivalent to 63 per cent of Julius Baer’s total stake, if the underwriters’ option is exercised in full) – and 1,200,000 shares of class A common stock from each of Richard Pell and Rudolph-Riad Younes.

Goldman Sachs is acting as sole global coordinator and bookrunner of the offering, BofA Merrill Lynch is acting as co-lead manager and Deutsche Bank Securities, UBS Investment Bank and Keefe, Bruyette & Woods are acting as co-managers of the offering.

Artio Global Investors 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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