Julius Baer has added to its Guernsey team with the appointment of a new senior portfolio manager and the promise of more hires, as the firm expands its operations.
Derek Beatty joins the firm with immediate effect as executive director and senior portfolio manager from Credit Suisse where he was a member of the firms regional UK investment committee.
Craig Allen, head of portfolio management for Julius Baer in Guernsey welcomed Beatty to the investment team, where he will work alongside Grant Mellor and Peter van der Schagt, promising “further hires” in the pipeline as Julius Baer’s Guernsey-based front office, first opened in 1994, continues to grow.
Prior to his time in Guernsey, Beatty spent three years in Credit Suisse’s London office. He is a CFA charterholder and has a master’s degree in corporate finance and accounting with 14 years of investment industry experience, including 11 years at Credit Suisse with nine spent as a senior portfolio manager. He also has international experience having managed portfolios in Guernsey, London and Australia.
Beatty said that he was “looking forward” to being part of a team which is looking to grow its local banking operation and discretionary portfolio management business and is “committed to the island”.