Zurich-based Julius Baer has announced a trio of private banking promotions to oversee various markets in the region, finews.asia has learned.
Julius Baer has announced three promotions in Asia to become Singapore-based heads of various markets in the region, according to an internal memo seen by finews.asia.
Yee Kim Tan, Singapore branch manager, Greater China location head and group head in Singapore has been promoted to market head Greater China Singapore. The 25-year financial veteran will retain his role as Singapore branch manager.
Group head Southeast Asia Shui Wei Ho has been elevated to market head Thailand, Japan and Asia Switzerland. Ho has over 25 years of experience in the financial industry and first joined Julius Baer in August 2022. Previously, she also worked at Bank of Singapore, UBS and the Monetary Authority of Singapore.
Yee and Ho will both report to executive board member and Asia head Jimmy Lee.
NRI Market
Kunal Sumaya, group head global India and Japan Singapore, has been promoted to market head global NRI (non-resident Indian). The 13-year Julius Baer banker will cover the NRI market across Singapore, Dubai and Zurich.
Sumaya reports to Rahul Malhotra, who was recently named as an executive board member and head of emerging markets, which includes the Middle East & Africa, Central & Eastern Europe, Israel, Greece and Turkey, in addition to the Indian market.
Tan, Ho, Sumaya and Malhotra’s new roles will commence on 1 January 2024. Replacements for the vacant roles will be announced in due course. Also, Chin Lit Yee and David Shick will remain as market head Southeast Asia and market head Greater China, respectively.
When contacted, a spokesperson for the bank confirmed the contents of the memo.
