Andreas Amschwand leaves Julius Baer for a crypto bank

Nomura

Swiss investment banking giant, Julius Baer Group Ltd., said Andreas Amschwand has informed the company that at the Annual General Meeting on 10 April 2019, he will not be standing for re-election to the Board of Directors.

The bank said Andreas Amschwand has decided to focus on a new mandate as Chairman of the Board of Directors of SEBA Crypto AG, Zug.

SEBA Crypto AG is a newly-formed Swiss cryptocurrency bank that has just raised $103 million to fund its operation.

Chairman of the Board of Directors Daniel J. Sauter said: “Andreas Amschwand has been a very valued member of our Board, and whilst we understand his desire for a new challenge we regret that as a consequence he will not stand for re-election. On behalf of the Board of Directors, I thank him for his valuable contribution over the past six years and wish him all the best for his future endeavours.”