Mumbai, 15 June 2021: Julius Baer on Tuesday announced a $1.4 million (approximately Rs 10.5 crore) commitment to support critical Covid-19 relief programmes to help households and families severely impacted by the second wave of the pandemic in India.
The bank has pledged to make donations that will be equitably distributed to three NGOs: Apnalya (a Mumbai-based NGO working with the urban poor), Helpage India and UNICEF India. A minor donation will also be made to Swiss-Indian Chamber of Commerce that is working in the area of transporting critical health materials to India.
The funds will be utilised by its NGO partners to support vulnerable families and households with ration kits, mass screening and vaccination programmes, as well as food and health protection initiatives for the elderly and migrant labourers.
An internal employee fund raising initiative was also launched via JB Cares (philanthropic association run by Julius Baer employees) collecting approx. USD 100,000 within two weeks. The Julius Baer Foundation matched the internal fund raising efforts 100% with an additional USD 100,000.
Jimmy Lee, Head Asia Pacific and Member of the Executive Board, Bank Julius Baer, said, "Julius Baer stands in solidarity with India in these exceptional times. I am thankful to our colleagues across different locations who answered our call for action towards the fund raising efforts for India; truly living by our bank’s core value of ‘care’ and empathy towards others. Our donation will support vital relief efforts and help those with most immediate needs. We continue to keep our thoughts focused on those who are suffering across the country."
Ashish Gumashta, CEO, Julius Baer India, said, "Our thoughts go out to the communities in India that have been devastated by the health and economic damage caused by the second wave of the pandemic. Our donation will provide critical relief to the most vulnerable sections of society. Julius Baer is committed to offering the very best to help humanity recover from this dark period and we are confident we will emerge from this unprecedented time with renewed strength and hope."
Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. Julius Baer headquartered in Zurich is present in over 20 countries and more than 50 locations.
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