Bank Julius Baer, SwitzerlandÆs largest pure-play wealth manager, has signalled its commitment to its Asian private banking business, by announcing a key hire in its Singapore offices.

Daniel Chiam joins the Singapore-based team as its Asia market head. He takes the position with immediate effect and will report directly to Heinz Puth, Julius BaerÆs head of marketing, Southeast Asia.

He shifts to Julius Baer from OCBC in Singapore, where he was head of private banking. In total he brings more than 20 years of private banking experience at an array of institutions.

Chiam is the latest hire for Julius Baer, which has been building up a presence in recent months. The private bank recently appointed Wilfired Kofmehl as regional head of Southeast Asia, which takes effect in September 2006, while Puth will take on his official role in August.

Julius Baer also announced that Dr V Anantha Nageswaran has joined the private bank as head of research Asia and the Middle East with immediate effect, while David Lim came on board in June as head of investment finance. These hires were preceded by the appointment of Andrea Benenati in March as regional head of North Asia.