Published by AsianPrivateBanker – 17th April 2015
Julius Baer has hired a new market head of Indian Subcontinent and Non-Resident Indian from UBS.
Joining the Swiss pure play in the role is Parminder Soin – effective 20 April – and based in Singapore. Soin will report to the private bank’s global market head of Indian Subcontinent and Non-resident Indian, Rolf Schaerer.
Soin will replace Daniel Maag, who will take on a senior client partner role, focusing on managing key client relationships.
Prior to the new role, Soin was with UBS in Singapore, where he worked for a decade, most recently as its UHNW desk head and deputy country head of private wealth management. Previously, he spent 15 years with Deutsche Bank, where he held multiple roles in New Delhi and Singapore.
“With his extensive experience in serving NRI clients across regions, we are confident that (Soin) will be in the best position to take our business to the next level,” says Schaerer.
As of 2014-end, Julius Baer was home to US$78.7 billion in AUMs in Asia, according to this publication, a 9% year-on-year increase.
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