Published by AsianPrivateBanker – 23rd March 2015
Standard Chartered Private Bank has poached a new global head of investment advisory from Julius Baer as part of a push to build out its wealth management team.
Christian Mueller started in the new role in Singapore on March 9. He had been with Swiss private bank Julius Baer since November 2013 in the same city, most recently as Asia head of investment advisory.
Mueller’s role at Julius Baer has been filled in internally.
Mueller now reports to Alexis Calla, global head of investment advisory and investment at Standard Chartered, also based in Singapore.
Calla has crossed paths several times with Mueller in recent years and tells Asian Private Banker: “Christian’s vast experience in advisory and with clients in Standard Chartered ‘s footprint makes him an excellent fit to drive the global advisory agenda within the private banking business”
In line with the bank’s ambition to grow wealth management assets under management, says Calla, he is looking at expanding the team, especially for specialists role in alternatives, fund selection and advisory.
The post now filled by Mueller had been part of Gary Tiernan’s remit when he was global head of investment advisory and client segment for the private bank.
Last year, investment advisory was transferred to Calla’s coverage under wealth management. Tiernan then took on new responsibilities head of sales and segment management for private bank clients. Since then, investment advisory for private banking has reported into Calla, until Mueller’s arrival.
Julius Baer declined to comment by press time about whether Mueller had been or would be replaced.
Before joining Julius Baer, Mueller had been with UBS Wealth Management in Singapore for about seven years, most recently as head of investment specialists for Singapore and Malaysia, He has also worked for Credit Suisse in Singapore and Brown Brothers Harriman and Chase Manhattan Private Bank in New York
Standard Chartered Private Bank had US$45.0 billion in AUM and an RM headcount of 270 in Asia at the of 2014, according to the latest Asian Private Banker AUM league tables.
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