Julius Baer hires team from Sarasin to cover Greater China
The bank picks up eight headed by Elina So after failing to acquire a majority shareholding in its rival. Sarasin defends its position after reasserting its China strategy earlier this week.
Swiss private bank Julius Baer has hired eight staff from rival Sarasin to cover Greater China, AsianInvestor can reveal. It comes after Julius Baer failed in its bid to acquire Rabobank’s majority shareholding in Sarasin, a stake eventually bought by Brazil-based Safra Group.
Elina So, who quit late last year as Sarasin’s vice-chair of client advisory, started at Julius Baer on January 3 as a senior client partner covering Greater China and heads this new Hong Kong-based team, ac…
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