Michael Benz has lamented the lack of product choice on private banking platforms. Standard Chartered's global private banking chief trumpets the benefits of a one-stop-shop bank, but Julius Baer disagrees.
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.
The Swiss pure private bank is weighing up the best way to enter China but says it is in no rush, even though it sees now as the best opportunity for international firms.
Group CEO Boris Collardi offers assurances that the Swiss private bank can successfully integrate the international wealth management business of brokerage Merrill Lynch.