Wave of RMs tipped to move from Credit Suisse to Julius Baer
Another executive has joined Julius Baer from Credit Suisse, and as many as 20 relationship managers are set to make the same switch, say headhunters. Still, Credit Suisse's RM team in Asia has grown on a net basis in the past year.
Swiss private bank Julius Baer is not done with poaching executives from rival Credit Suisse. The latest to jump ship is Eleanor Yuen, and headhunters say as many as 20 relationship managers are set to follow the same route.
Both firms declined to comment, although Credit Suisse said it added 70 net new RMs in Asia Pacific last year, bringing the total to 590 as of end-2015. It also attracted Sfr17.8 billion ($19.6 billion) of net new assets in the same period and Sfr3.6 billion t…
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