Julius Baer has created a committee of former Merrill Lynch’s senior executives to support the integration of the US bank’s international wealth management business into the Swiss private bank’s operations outside the United States.
Julius Baer acquired Merrill Lynch’s international wealth management businesses outside the US in August 2012.
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The principal acquisition is expected to be completed for 1 February 2013. The integration process is expected to be completed by 2014.
The committee will be jointly chaired by CEO Boris Collardi and former vice president of Merrill Lynch, Winthrop Smith.
The executive committee members who will provide insights and advice to Julius Baer are:
- Winthrop H. Smith, Jr.
Former executive vice president of Merrill Lynch & Co. and chairman of Merrill Lynch International. He spent 28 years at the company, ten of which he was responsible for its growth outside the US.
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By GlobalData- Alfred P. Berger
Former chairman of Merrill Lynch Bank in Switzerland and Merrill Lynch Capital Markets. He worked at the company for 53 years, acting as chairman of Merrill Lynch Bank Switzerland for more than 20 years.
- Jose M. Malbran
Former chairman of Merrill Lynch’s Latin America, Europe, Middle East and Africa private client group and Merrill Lynch International Bank. He is an expert on wealth management in Latin America and worked for Merrill Lynch for 30 years.
- Raymundo Yu
Former chairman Asia Pacific of Merrill Lynch International and current chairman Asia Pacific of Threadneedle Investments. During his 27 years with Merrill Lynch, he was instrumental in building its wealth management business in Asia.
- Makram Zaccour
Former CEO of Merrill Lynch in the Middle East. As CEO Middle East, he played a pivotal role in building and expanding the business in this important growth region for 43 years.
