Zurich-based Julius Baer has hired a former Credit Suisse banker to cover the Southeast Asia market.
Julius Baer has appointed Malcolm Tay as group head Southeast Asia, according to a statement. In the newly created role, he will be based in Singapore and report to Yee Chin Lit, market head Southeast Asia.
Tay has over 30 years of wealth management experience, most recently at Credit Suisse where he was deputy market group head and market leader for Indonesia. Prior to that, he spent 18 years at Deutsche Bank’s wealth unit as group head Southeast Asia. Previously, he also worked at Merrill Lynch and Citi Private Bank.
«Pivotal Growth Juncture»
According to Julius Baer, the bank’s Asia franchise is currently at a «pivotal growth juncture». It is seeking to accelerate expansion and enhance its offering to ultra-high net worth individuals in Indonesia and Southeast Asia. Other recent appointments in the region include Jason Gan and Mun Joo Ng as team heads for Southeast Asia.
«[Tay’s] appointment not only reinforces the depth and strength of our leadership bench but also underscores our dedication to Asia as an important second home market for us,» Yee commented. «[His] exceptional track record and expertise will be instrumental in driving our growth and enhancing our position in this key region.»
