Julius Baer adds staff in Guernsey, China

Julius Baer’s recruitment drive continues with five senior appointments to its private banking and portfolio management activities in Guernsey, and a new head of its private banking operations in China.

The Zurich-based banking group said in a statement that it had hired the five Guernsey-based senior private bankers and investment managers, (pictured), as part of its bid to “further develop its burgeoning Channel Island and international businesses”. The five roles are understood to be newly-created.

The appointment of David Shick as head of Julius Baer’s private banking operations in Greater China, meanwhile, sees him succeed Kaven Leung, who is retiring. Shick, who will be based in Hong Kong, comes to Julius Baer from Credit Suisse’s private banking unit, where he was most recently market leader, China & Taiwan.

Shick reports to Jimmy Lee, head of Asia Pacific at Bank Julius Baer.

Also coming to Julius Baer from Credit Suisse, meanwhile – but as part of the group hire in Guernsey – are Craig Allen, Jean-Luc Le Tocq and Marie-Christine Potter.

Craig Allen, whose title with Baer will be head of portfolio management, had been   head of portfolio management for Credit Suisse Guernsey’s UK, Channel Islands and Gibraltar sterling-based private mandates globally. He was also chief investment officer for the Channel Islands, and a member of the local executive committee.

At Julius Baer, Allen will report to branch manager Paul Van Neste.

So will Le Tocq , who had been head of relationship management and investment advisory in Guernsey for Credit Suisse, as well as having been a member of its Channel Islands executive board for the last 13 years.

Potter comes to Julius Baer after 20 years in relationship management as a director at Credit Suisse Guernsey.

The two Julius Baer newcomers to Julius Baer Guernsey who are not coming from Credit Suisse are Andrea Sachet-Luff  and Iain Stables.

Sachet-Luff joins Julius Baer’s risk, legal and compliance team after 10 years with the Guernsey Financial Services Commission. In her new role, she will have  responsibility for governance and oversight.

Stables comes to Julius Baer after 20 years in private banking for undisclosed companies. He will join as director in the credit team.

Local focus

In the statement announcing the five Guernsey appointments, Van Neste said they reflected Julius Baer’s continued growth in the region, and the local and international private banking market’s preference for “locally focused relationship management delivered through locally based professionals”.

Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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