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CS Foundation head jumps to Zurich Private Bank

CS Foundation head jumps to Zurich Private Bank

The private bank’s good work is now being handled by the former head of Credit Suisse, Julius Baer.

The Board of Trustees of the Julius Baer Foundation is led by Chairman Julius Baer Romeo laughs he have Laura Hemrica Appointed as the new CEO. The philanthropy and corporate social responsibility expert will take up his position on September 1 (today), according to a statement from Good Work on Friday.

She takes over from natalie jean baptiste, Who has assumed responsibility for the institution temporarily since the end of 2022. This is after the previous president Christoph Schmucker He retired last year.

to Responsible for impact investing

Hemerica has over 20 years of experience in philanthropy, sustainability and impact investing solutions. She is moving from major bank Credit Suisse (CS) to the Julius Baer Foundation, where she most recently served as Global Head of Corporate and Institutional Citizenship and Managing Director of Credit Suisse.

In this role, she led the strategy and implementation of philanthropic and global engagement initiatives and developed strategy for the bank’s various foundations, which have since been acquired by UBS. Hemerica is also a co-founder of the Sustainable Development Goals Impact Finance Initiative, a public-private partnership, and sits on several boards of international NGOs.

From art to education

Charities play an important role in wealth management and are often part of an integrated philanthropy offering for wealthy clients. The Julius Baer Foundation was founded in 1965 with the aim of supporting all forms of art, culture and science as well as charitable causes in Switzerland and abroad. The statement stated that the foundation has focused in recent years on combating inequality in wealth and education.

Hemrika must now expand the area of ​​​​activity even further.

Are sustainable investments still needed?

  • Yes, this is a huge trend that is here to stay.

  • Yes, but to a lesser extent.

  • Demand rises and then falls again.

  • No, demand is constantly decreasing.

  • No, sustainable investments no longer make sense in the new macro environment.