Zurich-based Julius Baer has expanded its base of relationship managers in Asia, which it calls its «second home market».
In 2023, Julius Baer’s relationship manager base in Asia saw «meaningful growth» which contributed to «very gratifying» net new money inflows, according to the bank’s business review, though it did not disclose exact figures.
Overall, the bank has 427.4 billion Swiss francs ($483.4 billion) in assets under management, of which the region accounts for around a quarter.
Hiring Focus
Julius Baer highlighted increased relationship managers in Singapore with the «selective hiring of individual professionals as well as entire teams». In total, the bank’s number of full-time employees in APAC grew from around 1,626 in 2022 to 1,789 in 2023.
Separately, ex-CEO Philipp Rickenbacher, who has stepped down, previously said that «constructive discussions» were underway with Credit Suisse employees seeking to exit following the UBS takeover. Within Asia, he said that there were positions in Hong Kong that the bank was seeking to fill.
