Julius Baer creates new investment management division
Swiss private banking group Julius Baer will launch a new investment management (IM) division, to be headed by Yves Henri Bonzon, formerly of Pictet Wealth Management.
Swiss private banking group Julius Baer will launch a new investment management (IM) division, to be headed by Yves Henri Bonzon, formerly of Pictet Wealth Management.
Board and senior appointments were the name of the game this week with Momentum Pensions and Brown Advisory adding to their boards, while Old Mutual International and Sun Life were among those announcing changes at senior levels.
Investors may shift equities holdings back into fixed income in 2016 as bond yields increase, Julius Baer has said.
Barclays is expected to announce further job losses in its Asia investment banking sector, with corporate finance and advisory staff in South Korea and Taiwan and equities sales and research staff across the region also under the cosh, according to Reuters.
The Swiss-based private bank will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
Julius Baer has hired Annabel Bosman, Damien Crommie, Matthew Garnham and Jamie Banks to the firm’s London office.
Julius Baer has appointed Parminder Soin as market head Indian subcontinent and non-resident Indians (NRI), as the private bank seeks to expand its business from the NRI clients.
Zurich-headquartered firm, Julius Baer has seen profits surge by 22% in 2014 as it completes its integration with Merrill Lynchs International Wealth Management (IWM).
Vestra Wealth has recruited three investment managers from Julius Baer and UBS Wealth Management.
The chief executive of Julius Baers two entities in Monaco has stepped down in order to fully focus on acquiring and servicing clients for the company.
While European net wealth exceeded its pre-crisis peak in 2013, reaching a new all-time high of 56trn, concentration of wealth across Europe has risen significantly.
Swiss banking group Julius Baer is contesting an order to pay the German government more than 80m, after a bank it now owns was found responsible for money which went missing illegally during the reunification of East and West Germany.