Swiss bank Julius Baer announces $723 million share buyback program

ZURICH, Oct 2 (Reuters) - Julius Baer on Friday announced a share buyback program of up to 600 million Swiss francs ($723 million), days after Swiss regulator FINMA concluded enforcement proceedings against the Swiss private bank.

The share buyback program is expected to launch in the coming weeks and be completed within one year, the bank said.

($1 = 0.8296 Swiss francs)

(Reporting by Ariane Luthi, editing by Kirsti Knolle)