The Julius Baer Group has announced the death of Hans J. Baer, father of the group’s chairman Raymond J. Baer.

For five decades, Hans J. Baer served the initially family-controlled company in various positions. He became partner in 1960, was president of the executive board from 1975 to 1993, and finally chairman of the board until his retirement in 1996.

Milestones under his leadership, according to a company statement, included the initial public offering of Julius Baer Holding in 1980 as well as the opening of branch offices in the New York and London in 1982 and 1984 respectively.

At t...