Julius Baer has announced Fabio Bariletti as the new CEO of Kairos Investment Management SpA and Kairos Partners SGR SpA (Kairos), effective 16 April 2019.
Kairos is a wealth and asset management boutique, headquartered in Milan (Italy), fully owned by Julius Baer. It has over €10bn in assets under management.
Bariletti has been with Kairos for almost 20 years. He built the company's multi-manager business, acted as its general manager and is currently the CEO of its London branch, specialising in single-manager and multi-manager alternative funds.
He succeeds Paolo Basilico, one of the founders of Kairos, following his decision to step down and as part of his long-term succession planning. Basilico will continue to act as an advisor to Kairos.
Paolo Basilico said: "Bariletti had long been designated as my successor. We have built a strong and unique business, which I leave in very capable hands. Stepping down is not a decision I have taken lightly, but I believe the timing is right for me personally and for the company."