A Singapore-based team head has left Julius Baer after seven years with the Swiss private bank, finews.asia has learned.

Puneesh Nayar has left Julius Baer’s Singapore unit, sources told finews.asia. Nayar is believed to have joined the Zurich-based private bank seven years ago as a team head in the city-state. When contacted, a spokesperson for the bank declined to comment.

As of end-2023, Julius Baer was the fifth-largest private bank in Asia by assets under management at $140 billion, according to finews.asia data, marking a 3.7 percent year-on-year increase.