Julius Baer, Switzerland’s largest dedicated wealth manager, has officially opened Bank Julius Baer (Singapore) to service the Southeast Asi...

Julius Baer, Switzerland’s largest dedicated wealth manager, has officially opened Bank Julius Baer (Singapore) to service the Southeast Asian market. The bank has a team of relationship managers, a fully-fledged booking system for Asian and international clients and trading facilities to cover Asian markets and time zones. “I am convinced that our investments in Singapore, in the best people as well as in the infrastructure, will make the operation a great success,” said Alex Widmer, chief executive officer Private Banking and member of the Group Executive Board of Julius Baer. “With Wilfried Kofmehl as CEO for Southeast Asia, who leads an expert team, we can now offer clients the state-of-the-art service they have come to expect from Julius Baer,” he said. “While most of Bank Julius Baer’s clients currently come from traditional markets in Europe, within five years the bank aims to achieve a significant amount of its assets under management in growth markets, with Asia leading the way,” said Mr Widmer. Last week, Julius Baer opened an office in Hong Kong.