Swiss wealth manager Julius Baer is expanding its operations in Brazil by hiring experienced staff from a local independent asset manager.
Zurich-based wealth manager Julius Baer has been on a hiring spree in Brazil in recent months, and yesterday announced the latest round of appointments.
It hired several staff from local asset manager Grimper Capital, including its leadership team, which will join Julius Baer in April. The Swiss wealth manager made its first acquisition in Brazil in 2011 and has been expanding ever since.
Hiring Local Leadership Team
Sylvio Castro who founded Grimper Capital and was a main partner was previously CIO for Brazil at Goldman Sachs and later joined Credit Suisse Hedging-Griffo. Castro will be responsible for all of Julius Baer's relationship in Brazil with the title of head of client management Brazil.
Another Grimper Capital partner, André Szasz, who started his career at Santander Brazil is also joining. After Santander, he was responsible for all equity portfolios as acting deputy CIO at Credit Suisse Hedging-Griffo before joining Grimper Capital.
Completing the trio of partners from Grimper joining Julius Baer is João Freitas who brings extensive front- and back-office experience.
Additional senior staff joining from Grimper Capital are Mariam Dayoub, Alexandre Mastrocinque, Sidney Uejima, Thiago Marchiore, Rafael Ribeiro, and Vito Ferreira.
Brazil Growth Ambitions
«These hires further underscore Julius Baer’s growth ambitions in Brazil. Our local business has been expanding and growing successfully, and we believe there is still a lot of potential. Julius Baer is proud to be the largest independent wealth manager in Brazil, and we look forward to further expanding our business with the support of the Grimper Capital,» said Beatriz Sánchez, head of the Americas for Julius Baer.
Among those having joined Julius Baer recently are team head Eduardo Tabone, Lucas Rizzi as chief operations and technology officer, and Felipe Dexheimer as head of portfolio management.
