Two former bankers with Julius Baer and Credit Suisse have teamed up to launch a wealth management firm based in Monaco. They already have $2 billion in assets under management.
Proving yet again that there is life after banking, Julius Baer's former head of key clients in emerging markets has partnered with Credit Suisse's erstwhile head of global modeling and analytics to launch a wealth management firm. The new company, dubbed Azura, is focusing on billionaire entrepreneurs, according to an article on news wire «Bloomberg».
Ali Jamal, who used to be an officer in the Kuwaiti army prior to his time at Julius Baer follows in the steps of former UBS manager Juerg Zeltner who announced a similar endeavor last month. Jamal's partners at the new venture are Karim Lari who is credited with co-founding the modeling and analytics group at Credit Suisse as well as Ben Leung, former head of trading and macro research at Broadpoint Asset Management.
Azura has $2 billion in advisory assets under management and offers family office and investment advisory services as well as the club-deals that are increasingly popular with the ultra-rich and is hiring a further seven bankers in Monaco and London.
