Julius Baer defends surprise choice of new Asia CEO
The Swiss private bank has hired Jimmy Lee from Credit Suisse to be its new Asia-Pacific CEO. This has been predicted to create tensions within the firm after two of Julius Baer's regional chiefs were passed over.

Swiss private bank Julius Baer’s hiring of Jimmy Lee as Asia-Pacific CEO has surprised industry players, who expected the firm to turn to one of its long-serving regional deputies.
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