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.