People Moves
Julius Baer Names Group Head For Southeast Asia
The role is a new one for the bank, it said.
Julius Baer has
appointed former Credit Suisse and
Deutsche Bank
senior figure Malcolm Tay as group head Southeast Asia – a
newly-created role at the Swiss private bank.
Tay will be based in Singapore, and report to Yee Chin Lit,
market head, Southeast Asia, the firm said in a statement
yesterday.
With more than 30 years of wealth management experience, Taylor
held positions at Credit Suisse, such as deputy market group head
and market leader for Indonesia. Prior to this, he spent 18 years
at Deutsche Bank Wealth Management, most notably as group head
for SEA. He was also a client relationship manager at Merrill
Lynch and co-head of Indonesia’s onshore private bank at Citi
Private Bank for a decade.
“Julius Baer is dedicated to accelerating its expansion and
enhancing its service offerings to ultra-high net worth
individuals in Indonesia and SEA. Malcolm’s appointment is a key
step in the bank’s strategy to consolidate leadership and foster
growth throughout SEA,” the firm said.
Yee Chin Lit, market head Southeast Asia, said: “His appointment
not only reinforces the depth and strength of our leadership
bench but also underscores our dedication to Asia as an important
second home market for us.”
The Zurich-listed bank recently welcomed Jason Gan and Mun Joo Ng
as team heads for Southeast Asia.
Separately, Julius Baer issued 2023 its financial results in early February, showing the impact of heavy credit losses. Philipp Rickenbacher stepped down by mutual consent.