Published by Wealth Briefing Asia – 3rd Aug 2017
A former senior figure at Credit Suisse, UBS and Standard Chartered takes up a role left vacant by a recent change at Julius Baer.
Julius Baer has appointed Rajesh Manwani as head of markets and advisory solutions in Asia with immediate effect. He is based in Singapore, reporting on a functional basis to Peter Gerlach, head of markets and Philipp Rickenbacher, head of advisory solutions, and regionally to Jimmy Lee, Asia-Pacific head.
In over 19 years in the industry, Manwani has held global, regional and country roles in UBS, Standard Chartered and the last nine years in Credit Suisse, where he was managing director, head of investment solutions and products for Asia-Pacific.
The appointment by the Zurich-listed private bank means Manwani succeeds Luigi Vignola, who has taken on a new role as global head for structured products in Switzerland, as previously announced.
In late July Julius Baer reported that its assets under management stood at SFr355 billion ($375.3 billion) at the end of June, a rise of 6 per cent from the end of December, 2016, and an announced a slight rise in adjusted net profit for the six-month period of SFr404 million (up 0.4 per cent on a year earlier). Adjusted profit before taxes was SFr 494 billion, up 2 per cent, resulting in an adjusted pre-tax margin of 28 basis points. In recent years the bank has made a point of describing Asia as its second home market.