Bernard Keller, a member of Bank Julius Baer’s executive board, is set to retire from his role by the end of this year.

Cellar, who joined the executive board on 1 January 2010 as private banking representative, was responsible for retail banking in strategic markets southern Switzerland and Italy.

Cellar was most recently responsible for the merger of the Merrill Lynch Wealth Management business in Switzerland.

Previously, he also served as head of BDL Banco di Lugano, which was acquired in 2005 by Julius Baer private banks.

Cellar was also responsible for the merger of the Merrill Lynch Wealth Management business in Switzerland.

He also played a key role in the transformation of Julius Baer and also led the strategic initiative to combine Julius Baer’s regionally managed Swiss private client business into a new, single market region of Switzerland.

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Boris Collardi, CEO of Julius Baer, said: "We have been very fortunate to be able to count on Bernard Keller’s support for well over twenty years now. His name will always be linked with Julius Baer becoming the international reference in private banking."