People Moves

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

Tom Burroughes, Group Editor, London, 30 June 2015

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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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