After the defection of the Middle East and Africa team from Julius Baer to Pictet, the Zurich-based company is forced to rebuild its business in the region. Two managers have now been appointed to take charge of this task.
Julius Baer has decided on who will lead the region including the Middle East and Africa after the defection of Daniel Savary and an 18-strong team to Pictet. Two managers will share responsibility, according to a statement released on Friday.
Régis Burger will manage the Middle East markets based in Dubai, while Alain Ucari (pictured below) will take responsibility for Africa and Turkey working from the Zurich offices of the private bank. Both managers will report to Rémy Bersier, the head of emerging markets. Burger and Ucari already were members of the management committee of the emerging markets region and will remain so.
Two Ex-Credit Suisse Bankers
While still at Credit Suisse, Burger also had a posting in Dubai, before joining Julius Baer in 2006. Since 2016, Burger worked as CEO of Julius Baer (Middle East), a position based in Dubai.
Ucari joined the firm in 2015 and was appointed CEO in Monaco; a year later, he was made chairman of the same unit. Previously, he also worked for Credit Suisse, first in the Lebanon and later in the United Arab Emirates and in Switzerland. He was CEO of Credit Suisse in Monaco for twelve years.
Rebuilding
Burger and Ucari will need to build the Middle East and Africa team from scratch. When Savary moved to Pictet – as was reported exclusively by finews.com – he took along almost the entire team.
