Swiss private bank Julius Baer has appointed John Cappetta as head of funds advisory for Singapore.
He is an indirect replacement for Hsiao Ching Tang, Asia head of fund solutions and advisory, who left the bank last Friday.
Cappetta was previously Asia head of fund sales, a role he had held since joining Julius Baer in 2013 following the bank’s integration with Merrill Lynch International Wealth Management.
He spent 16 years with Merrill Lynch, whose international wealth business (outside of the US) was sold to Julius Baer in 2012.
In his new role, Cappetta will support funds advisory in Southeast Asia from Singapore. It is understood that the funds advisory team in Hong Kong will support North Asia. It could not be ascertained as of press time who Cappetta will report to and whether his old role has been filled.
It emerged last week that Tang, Cappetta's predecessor, was moving to Bank of Singapore (BoS) to replace Chandrima Das, regional head of mutual funds and alternative fund selection.
Tang spent five years with Julius Baer, having joined the private bank in 2010 from BNP Paribas Wealth Management, where she was head of funds advisory for Southeast Asia. She was reported to have worked at Temasek Holdings for eight years, acquiring experience in private equity and direct investment, business development and risk management.
Das spent nearly three years with BoS. She resigned twice, first in late 2014, but then rejoined the company in February 2015. She resigned again last week for personal reasons.