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Ex-FSA Chief Executive Named As Chairman Of Julius Baer's UK Business

Tom Burroughes Group Editor London 30 June 2015

Ex-FSA Chief Executive Named As Chairman Of Julius Baer's UK Business

The Swiss bank's UK business has named former Financial Services head Sir Hector Sants as its chairman.

Julius Baer International, the UK part of Swiss-listed Julius Baer, today names Sir Hector Sants, former chief executive of the UK’s Financial Services Authority - the former financial regulatory body – as chairman, with effect from 1 July.

Sir Hector succeeds Gian Rossi, head Northern, Central and Eastern Europe and member of the executive board of Bank Julius Baer & Co, who will step down as chairman after nine years but will remain actively involved with the firm’s business in the UK, it said in a statement.

CEO of the FSA from 2007 to 2012, Sir Hector had a spell at Barclays as its compliance chief before leaving in 2013 for health reasons. Since leaving the UK-listed bank, he has chaired the Archbishop of Canterbury’s taskforce on promoting responsible savings and credit and advising Abu Dhabi Global Market. From 1 July, Sir Hector will also work as vice chairman and partner of Oliver Wyman.

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