Julius Baer has bolstered its China team poaching a seasoned private banker from Swiss rival UBS. The move, which finews.asia reported on recently, has now become official.
Zurich-based Julius Baer named its new group head for the so-called greater China region, a strategically important market for the private bank. Based in Hong Kong, Vicki Lee will be responsible for expanding and strengthening the firm's franchise in the region, the bank said in a statement on Monday.
Prior to joining Julius Baer, Lee was country head for the Chinese market at UBS wealth management, where she had worked since 2006. She also held senior wealth management roles at HSBC and Standard Chartered Bank. In her new role, Lee will report to David Shick, head private banking greater China.
«Greater China is one of the highest growth regions and is a very important market for Bank Julius Baer,» Shick said. «The demand for wealth services is growing rapidly.»
