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Julius Baer targets Asia in latest board nomination

Julius Baer targets Asia in latest board nomination

Julius Baer has nominated Richard M Campbell-Breeden to the board of directors and his time in Asia has won him brownie points, as the Swiss firm continues to make Asia its second home market.

Campbell-Breeden is an investment banker, who has worked in London, Hong Kong and New York with Goldman Sachs for 27 years, of which 16 years were spent as partner.

He was appointed chairman of mergers and acquisitions and vice chairman of investment banking for Asia ex-Japan at Goldman Sachs in June 2014. He left the American banking giant in 2016.

Campbell-Breeden is expected to become a member of the board of directors at Bank Julius Baer & Co. Ltd., which is composed of the same members as the board of directors at Julius Baer Group, following a vote at the annual general meeting on 11 April 2018.

The board is currently made up of 10 members, with each serving a one-year term.

‘His experience in Asia, while based in Hong Kong, will be of particular relevance as Julius Baer further extends its business in China and throughout the region, and will make him an ideal addition to the Board,’ a statement by Julius Baer read.

Julius Baer focuses on five markets in Asia - mainland China, Hong Kong, Indonesia, Singapore and India.

It hired over 100 private bankers in Asia in 2016 to grow its operations in the region, appointing David Shick as the new head for private banking in Greater China to expand the bank’s business presence and client base across Greater China.

It also purchased a 4.99% stake in Chinese onshore wealth manager Jupai Holdings last year.

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