A senior banker of Julius Baer in Singapore is leaving his Asian post. The Swiss banker is departing to return to Switzerland.
By Shruti Advani, Guest Contributor finews.asia
Michael Scherrer, head of the Swiss bank's bank's Russia, central and eastern Europe team in Asia, is leaving to return to Switzerland, a source told finews.asia.
Scherrer has been with the bank for five years, prior to which he set up a similar business for ultra-rich clients at BSI, or Banca della Svizzera Italiana, a now-defunct bank grounded by the 1MDB scandal. His role in Zurich hasn't yet been finalized, a second source said, but he will continue to cover the same market.
Julius Baer is believed to be looking for a replacement for Scherrer, who began his career at Coutts, and is expected to make an announcement early next month.
