Julius Baer has relocated its Hong Kong branch to one of the central district's prime locations.
Julius Baer has relocated its Hong Kong branch to one of the Central district's prime locations, the Swiss-listed private banking firm, which treats Asia as its second "home market", has announced.
The move comes after the integration of Merrill Lynch's International Wealth Management Unit into the Hong Kong business. The recently combined division, effective 10 November, will be located at the One International Finance Centre.
"Our North Asia headquarters has expanded and now encompasses many new extremely experience staff members, adding to both our breadth and depth of skills to advise our clients in this region," said Kaven Leung, chief executive of North Asia.
Julius Baer agreed to acquire the Merrill Lynch IWM business based outside the US in June 2012 for $84 billion, which included over 2,000 staff and 500 financial advisors. The Swiss bank began the transfer of the IWM divisions in Hong Kong and Singapore in May 2013.