Julius Baer has appointed former head of the Financial Services Authority (FSA) Hector Sants as new chairman of its UK business.
He succeeds Gian Rossi, who will step down after nine years but will remain actively involved with the firm’s business in the UK.
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Rossi said: "It is a great honour to welcome Sir Hector to Julius Baer. With his appointment we continue to demonstrate our ongoing commitment to the UK, and I am sure that we will benefit greatly from his long-standing experience in the financial services industry."
Sants worked at the FSA as CEO from 2007 to 2012 joining from Credit Suisse First Boston where he had been CEO for Europe, Middle East and Africa.
After leaving Barclays Bank in November 2013, he has been chairing the Archbishop of Canterbury’s taskforce on promoting responsible savings and credit and advising Abu Dhabi Global Market.
From 1 July 2015, Sants will also be working as vice chairman and partner at Oliver Wyman.
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