Switzerland's Julius Baer has tweaked its leadership structure in Singapore and appointed a new head to lead its Southeast Asian team.
Magdalene Low, who joined the private bank last year as a team head, as finews.asia reported, will now take up the role of head at one of the Southeast Asian unit based in Singapore.
Low, who was an Executive Director at UBS before joining Julius Baer, co-headed the UBS Singapore onshore team and also covered Malaysia, along with Urs Grueter.
Aggressive Hiring Program
Last month the bank announced more hires, carrying on where it left off in 2016 in what it calls «its second home market». The latest additions were both former Deutsche Bank private bankers.
Ancus Mak joined as a Director in the Chief Investment Office (CIO) Asia, reporting to Asia CIO Bhaskar Laxminarayan. Prior to his new role, Mak worked at Deutsche Bank in Hong Kong where he was vice-president of global products and solutions. Before that, he held the same role with Credit Suisse.
Olive Wang also joined the pure-play private bank as a Director in the fund specialists team in Hong Kong. She reports to Johann Santer, who heads the fund specialists Hong Kong team. Wang also held the same role at her previous employer Deutsche Bank.
Under the leadership of CEO Jimmy Lee, Julius Baer has been aggressively hiring for its Asian business units.
