Julius Baer is strengthening its exterior asset administration actions with a particular desk in Dubai

Julius Baer is strengthening its exterior asset administration actions with a particular desk in Dubai

  • Marc Haefeli has been appointed to guide the company, which will likely be strengthened by the appointment of Aakanksha Raizada as Relationship Supervisor.
  • The newly established desk’s proximity to exterior asset managers (EAMs) and unbiased monetary advisors will allow Julius Baer to additional develop its native operations within the UAE.

Dubai – Julius Baer (Center East) Ltd. has introduced the institution of an area desk in Dubai, United Arab Emirates (UAE) for the agency with EAMs and unbiased monetary advisors, additional capitalizing on its first-mover benefit within the nation.

The event of the corporate will happen below the accountability of Marc Haefeli. Marc has been with Julius Baer for twelve years and has efficiently constructed ties with EAMs within the Center East, particularly in Dubai, over the previous six years. He has greater than twenty years of expertise in monetary providers within the Center East and Switzerland.

From August, Aakanksha Raizada joined the brand new company as relationship supervisor from Credit score Suisse Dubai, and Pebin Muriyamadom as assistant relationship supervisor from LGT Dubai. Each will report back to Marc.

Alexandre Berger, Market Head Intermediaries Western Switzerland & America, Julius Baer, ​​​​and chargeable for the Intermediaries enterprise in Dubai, mentioned: β€œI welcome the chance to additional develop the EAM enterprise from the DIFC. With the evolving panorama of asset administration within the UAE, we’re seeing many EAMs being established, particularly within the DIFC. The market is anticipated to point out important progress within the coming years. I’m assured that with Marc’s expertise and management, collectively along with his new crew, we will strengthen our place because the asset supervisor of alternative for this necessary shopper group.”

Alireza Valizadeh, CEO of Julius Baer (Center East) Ltd, mentioned: β€œThe UAE is a strategic progress marketplace for Julius Baer, ​​along with the broader Center East area. The UAE’s wealth administration business is booming given the inflow of UHNIs and HNIs and we imagine this inflow will proceed as Dubai continues to place itself as one of many quickest, most secure and most linked cities on the earth. Julius Baer is without doubt one of the largest and oldest asset managers within the DIFC and works intently with our shoppers and households on their wealth journey. Establishing an area EAM desk will assist us capitalize on our robust positioning and complement our present footprint by offering value-added providers to all our prospects and companions within the area.”

Kiran Makhija
Afreen Aslam
Media relations

About Julius Baer

Julius Baer is the main Swiss asset administration group and a premium model on this international sector, with a concentrate on serving and advising subtle non-public shoppers. In every thing we do, we’re impressed by our objective: creating worth that goes past wealth. On the finish of June 2023, belongings below administration amounted to CHF 441 billion. Financial institution Julius Baer & Co. Ltd., the famend Swiss non-public financial institution with origins relationship again to 1890, is the principle working firm of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Alternate (ticker image: BAER) and included within the Swiss Chief Index (SLI), consisting of the 30 largest and most liquid Swiss shares.

Julius Baer is current in additional than 25 international locations and in additional than 60 places. We’re headquartered in Zurich and have workplaces in key places together with Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico Metropolis, Milan, Monaco, Mumbai, Santiago de Chile, SΓ£o Paulo, Shanghai , Singapore, Tel Aviv and Tokyo. Our customer-oriented strategy, our goal recommendation based mostly on Julius Baer’s open product platform, our stable monetary foundation and our entrepreneurial administration tradition make us the worldwide reference in asset administration.

Go to our web site www.juliusbaer.com for extra info

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