He also served as advocate and mediator in retrieving lost Jewish funds in the Volcker Commission in the 1990s.

[4] His father became a professor and senior lecturer in 1928 and since 1922, was also a limited partner in Julius Baer.

He died shortly before the planned emigration to the United States in 1940 aged 48.

Baer, then aged 14, arrived in the United States with his mother and siblings in May 1941.

Baer was married to Ilse Kaelin (1920–2002) with whom he had two children; He died 21 March 2011 in Zürich, Switzerland aged 83 after long illness.