Swiss private banking giant Julius Baer has appointed Jurg Berger as CEO of Julius Baer (Middle East) as of 1 September 2014.

Berger has been with the bank for more than 14 years and was among the Board of Directors of Julius Baer International in London.

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Berger replaces Peter Schaer and will now be responsible for expanding the bank’s reach in the Middle East.

Daniel Savary, head of eastern Mediterranean, Middle East and Africa (EMMEA) region, said: "I am confident that with his international experience, his in-depth knowledge of today’s business environment and his thorough understanding of our client’s needs, he will further strengthen the Group’s presence in the region.

"Being based in our regional hub in Dubai, Jürg’s proven leadership abilities will be important to further expand our footprint in this market."

The bank also has footprint in Abu Dhabi, Cairo and Istanbul, as well as has further expanded its reach in the region through acquisition of Merrill Lynch’s International Wealth Management business.

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