Bank Julius Baer (Monaco) has promoted its current CEO Alain Ucari to the role of chairman and named Albert Henriques as its new CEO.
Ucari, in his new role, will focus on further improving the governance of the bank in Monaco and strengthening its UHNWI client segment.
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Henriques joined Julius Baer from HSBC, where he served as head of private banking in Monaco since 2008.
The new CEO will report to Remy Bersier, region head of Southern Europe, Middle East and Africa and member of the executive board of Bank Julius Baer & Co. and to Ucari for regulatory and supervisory matters.
Commenting on the appointment, Bersier said: “I would like to express my gratitude to Alain for exceeding our expectations and to Bruno for his outstanding contribution and commitment to our growing franchise in the Principality.
“At the same time, I am very pleased to further reinforce the management team by welcoming Albert, who brings along an impressive track record and a vast experience and network. Albert and Alain, together with Bruno, will join forces to ensure a sound continuity and growth in this key market."
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