The new office will be headed by Ran Heistein as chief representative, while Israel market head Dan Sagui has overall responsibility for the bank’s activities in the country. Based in Zurich, Sagui oversees the bank’s Israeli business in Tel Aviv, Geneva, Singapore, Zurich and London.
Julius Baer said it now has offices in more than 40 locations and in over 20 countries around the world.
Chairman Raymond J. Baer said: “The expansion into the Israeli market is a proud and important step for our bank. It is evidence of our strategy of expanding our footprint in key growth markets. The decision to open the Tel Aviv representative office reflects the importance the bank assigns to the strength of the Israeli economy, and the potential it sees for future growth and development.”
