People Moves

Julius Baer Bolsters Top Team In UK, Ireland

Amisha Mehta, Assistant Editor, London, 11 January 2016

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The Swiss private bank has expanded its London and Dublin businesses with appointments from Barclays, Coutts and UBS.

Julius Baer has added to its UK and Ireland management team with five hires from rivals.

Terry Gyorffy joins as deputy head of relationship management. He was previously a London-based team manager in Barclays' international private banking division, covering continental Europe, Ireland and emerging Europe.

Paul McCafferty also joins from Barclays where he was offshore business manager, responsible for the bank's offshore corporate, intermediaries, family office and local retail capabilities. He has been appointed head of supervision, as have Julia Cole-Turner and Rebecca Frowde. They all step into new roles created as part of Julius Baer's growth drive in London and Dublin.

Cole-Turner joins from Coutts, where she was a business partner overseeing the UK business. Frowde also joins from Coutts, where she was a business partner overseeing first-line activities within the international client group, focusing on the US and Western Europe.

Lastly, Gileyd Romeo Eliav-Cruz joins as a business assurance specialist from UBS, where he was a risk manager responsible for the UK high net worth business.

“I am delighted to welcome such a strong team at this exciting time, as we build out Julius Baer’s business in the UK and Ireland. They bring with them deep experience in front office leadership and position us well for our long-term growth in London and Dublin,” said David Durlacher, Julius Baer's head of relationship management. 

Zurich-headquartered Julius Baer has been busy making moves to boost its geographic footprint, most recently with the agreement to buy a 5 per cent stake in Shanghai-based wealth manager Jupai Holdings. In December, it announced plans to acquire Commerzbank International SA Luxembourg, a private banking franchise with almost €3 billion ($3.3 billion) in assets under management, and it is also set to buy a majority stake in Italian wealth manager Kairos. The bank had client assets of SFr385 billion ($386 billion) as of the end of October 2015.

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