Julius Baer Veteran Joins Carret Holdings Inc

Carret Holdings Inc., the parent of Carret Asset Management, LLC ("CAM"), a leading multi-billion dollar investment manager based in New York has announced the appointment of Kenneth Ho as Managing Partner of Carret Private Ltd., the Company's new international business arm.

Mr. Ho brings with him over 20 years of experience in the international financial markets, developing teams with a focus on enhancing customer relationships within the financial industry. In his new role, Mr. Ho is responsible for building multi-family office activities in the Asian region.

Ho was one the original core founders of the Julius Baer Asian franchise and held senior global positions as Deputy Global Head of Investment Solutions Group and a member of the Investment Committee of the Bank as well as holding local positions as the Asian Head of Products, Investment Solutions Group and was a long standing member of the Asian Executive Committee.

Alan Quasha, Chairman of the Company said, "We are very pleased to welcome Kenneth Ho to the Company. He joins the Firm at an important time as we begin our global expansion plans, particularly in markets outside the United States. His leadership, experience and knowledge of the international growth markets will greatly enhance our ability to penetrate new markets for our firm. We value his experience and believe that he will be a valuable asset to the organization. With Kenneth's impressive background from the Swiss wealth management industry, combined with his knowledge of the emerging markets, we feel that he is perfectly suited to carry on the tradition started by our founder, Philip Carret."

CAM was founded in 1963 by Mr. Philip L. Carret, a Wall Street icon and investment legend who pioneered the concept of value investing. He first introduced value investing in a series of Barron's articles in 1927 and further described the concept in his 1930 book, The Art of Speculation.

Philip Carret put his ideas into action in 1928, when he founded one of the world's first mutual funds, the Pioneer Fund, which he managed with great success for more than half a century. In 1963, seeking to provide personalized investment services, he founded CAM.

Philip Carret's disciplined and effective approach to investing was applauded by renowned value investor Warren Buffett, who said Philip Carret had established "the best long-term investment record of anyone in America."

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