Julius Baer

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Julius Baer (German: [bɛːɐ̯]; né Isaac Baer; born 2 January 1857 – 9 March 1922) was a German-born Swiss banker, businessman and philanthropist. Baer was the founder and namesake of Julius Baer Group, and the patriarch of the Baer family. Baer was born in Heidelsheim (today part of Bruchsal), Grand Duchy of Baden to Joseph (1816–1891) and Rosina (née Dreyfuss; 1819–1907) Baer, into a Jewish family. His father worked as private money lender and merchant of animal skins, while his mother was a homemaker. He was the second youngest of five siblings. Baer was educated at the Jewish School of Heidelsheim and completed a banking apprenticeship at Bankhaus August Gerstle in Augsburg from 1883 to 1885. In 1886, he became a partner in the private bank Samuel Dukas & Co. in Basel, Switzerland. A position he continued to hold until 1896, when he was deployed by his brother-in-law Ludwig Hirschhorn, to Zurich. He became a partner in Bank Hirschhorn, Uhl & Bär, which existed since 1890, and is the ultimate predecessor of today's Julius Baer Group. Since 1901, the bank bore only his name, and was known as Julius Bär & Co., which became one of the leading Swiss private banks.