Julius Baer launches new unit for wealth advisers

Zurich-based private bank Julius Baer has launched a dedicated unit to specifically cater to financial advisers and other professional clients.

The division will be led by board member and current head of advisory solutions Philipp Rickenbacher, who will become head of intermediaries and global custody.

In his new role, Philipp Rickenbacher will assume international responsibility for this B2B segment, developing a consistent strategy and tailored offering focusing on its specific needs and requirements. Rickenbacher joined Julius Baer in 2004, where he held various senior leadership roles, including the responsibility for the Structured Products area. In 2016 he was appointed to the Bank’s Executive Board and to his current role as Head Advisory Solutions.

Bernhard Hodler, CEO of Julius Baer, said: “External asset managers and financial advisers are and have always been valued clients and partners for Julius Baer. The sector has shown a remarkable resilience to the challenging industry trends of the past years, and we are convinced it will continue to benefit from the growing need for independent wealth advice. With his background and experience, Philipp is perfectly equipped to take the helm of a unit fully dedicated to this important client group.”

Rickenbacher added: “I would like to thank Bernhard and the Board of Directors for entrusting me with this new responsibility, which I am very excited about. Our investment and wealth planning expertise, our product structuring capabilities, combined with our connectivity and execution services, are ideal to support intermediaries along their full value chain. A targeted strategy should enable us to expand our market share, and with greater efficiency, we expect this to contribute positively to our top and bottom line results.”

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Publisher and Editor of International Investment. His previous publishing experience focused largely on the Middle East and emerging markets, and he was Editorial Director of The Business Year, based in Istanbul, for three years before moving back to London in 2017. He is the author of How to Negotiate, to be published by Macmillan in 2019.

Read more from Christopher Copper-Ind

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