Swiss private bank Julius Baer has re-hired a senior executive for its fund advisory team in Singapore following a short stint at HSBC Private Bank.
Cheryl Tan returned to her old post as executive director for fund advisory in Singapore earlier this month, reporting to John Cappetta, Singapore head of fund advisory.
Tan served as director of fund advisory at HSBC Private Bank for three months. HSBC declined to say whether she has been replaced.
She first joined Julius Baer in December 2013, following the bank’s integration of Merrill Lynch International Wealth Management. She joined the US firm in 2007 and was a director in the managed product sales team before the integration.
With Tan’s return, Cappetta said the Singapore advisory team was up to full strength, with five staff including himself.
The advisory team at Julius Baer is responsible for picking the high-conviction fund list from the recommended fund list. The high-conviction list has 30 funds across various asset classes. Of the 30, 10 are actively being promoted to relationship managers in the region and so attract the biggest flows.
Cappetta in August also assumed the head of fund advisory role for Singapore, which had been part of Tang Hsiao Ching's remit, who left Julius Baer recently.
Tang was head of fund solutions for Asia, covering fund selection and fund advisory. She has joined Bank of Singapore as head of fund selection to replace Chandrima Das, as reported.