Julius Baer Breaks New Ground on Client Expansion: Julius Baer CEO Philipp Rickenbacher expects that in the future, half of all new relationship managers will be trained through internal programs. This doesn't prevent… juliusbaer relationshipmanagers
Julius Baer CEO Philipp Rickenbacher expects that in the future, half of all new relationship managers will be trained through internal programs. This doesn't prevent him from attracting more outside talent because «We offer attractive conditions,» he says.
Bank Julius Baer hired nearly 60 new relationship managers in the first half of the year, nearly 10 percent more than a year ago, the institution said Monday. That's notable because more than half of the 7.1 billion Swiss francs in new money raised in the first six months came from the new hires, Julius Baer Chief Financial Officer Evie Kostakis pointed out at an online media orientation. By the end of 2023, she expects another 2 to 3 billion francs from the «new guys.
But that's not all. In India, where the bank has been active since 2015, it recently opened its seventh branch in Pune, and aims to have ten offices on the subcontinent. Another office is planned next in Mumbai, and a move is also planned in the capital New Delhi in the second half of this year. New offices are also planned in Qatar and Brazil. In Europe, Julius Baer has moved into new premises in London and is planning another location in the north of England.Meanwhile, Rickenbacher's strategy also includes product innovations. The company plans to launch its funds, private equity solutions, and individually tailored structured products. According to the CEO, these initiatives aim to increase the share of recurring income.
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