Jimmy Lee will replace Dr Thomas R. Meier as head of Asia Pacific at Julius Baer, effective 1 January 2016.
Lee, who has more than 25 years of experience, will join the private bank on 1 October 2015 but commence his duties as Asia Pacific head and executive board member three months later. Lee has had a good track record in Asia with Credit Suisse, Clariden Leu and Deutsche Bank.
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Meanwhile, Dr Meier will return to Switzerland as non-executive vice chairman Wealth Management after a 10-year stint in Asia Pacific, which includes overseeing the integration of Merrill Lynch’s International Wealth Management (IWM) business into Julius Baer’s local operations.
Chief executive Boris Collardi says: "I am very pleased that we have been able to win Jimmy Lee and warmly welcome him to Julius Baer. With Jimmy’s vast experience and extensive network, we will launch the next phase of growth and take our presence in Asia to the next level."
He also added: "In the past 10 years, Tom Meier has led our operations in Asia Pacific from modest beginnings to being one of the major players in this most important growth market today. I would like to thank him for this truly extraordinary achievement. In his new role as non-executive vice chairman, we can continue to draw on Tom’s vast and valuable private banking knowledge."
Following the acquisition of Merrill Lynch’s IWM business, Asia is Julius Baer’s second home market with nearly a quarter of the group’s assets under management.
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