Dominique Leimer new CEO of Julius Baer (Middle East) Ltd.
- United Arab Emirates: Tuesday, September 27 - 2005 at 10:50
- PRESS RELEASE
Dominique Leimer is taking responsibility as chief executive officer of Julius Baer (Middle East) Ltd.
Dominique Leimer disposes of a wealth of private banking experience which he acquired in the course of his long and successful career at Credit Suisse. Having held several managerial roles between 1991 and 2003, he assumed the position of Chief Representative and Regional Head Gulf and Indian Sub-Continent in Dubai in May 2003. In this function Dominique Leimer designed and successfully implemented a new sales and marketing platform, by this substantially increasing the assets under management of the local branch. Under his leadership, the former representative office was transformed into a fully operating bank with onand offshore booking capacities, equipped with a full DIFC banking license.
The Julius Baer Group which has obtained the DIFC license as the first international private bank in September 2004 is fully committed to developing its local operation with a special view on the market potential accumulated in the Middle East.
"Looking at Julius Baer's reputation as a prime provider of wealth management services in the region, I am excited to join their committed and professional team", says Dominique Leimer, adding that, based on the high quality level of products and services provided by Julius Baer worldwide, he sees excellent opportunities to acquire a decent share of the local assets.
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The Julius Baer Group, whose roots go back to 1890, is one of the leading private banks in Switzerland. The range of services offered includes private banking and asset management. The Group employs some 1 800 staff worldwide today, with the majority based in Europe. As announced in September 2005, Julius Baer will acquire the three private banks Ehinger & Armand von Ernst, Ferrier Lullin & Cie. SA and Banco di Lugano as well as GAM Holding AG with approximately CHF 119 billion of assets under management and 1700 employees in total. With this acquisition Julius Baer will become Switzerland's largest wealth manager focused purely on private banking and asset management. Its shares are listed on the SWX Swiss Exchange.
Contact:
Media Relations: Juerg Staehelin Tel.: +41 (0) 58 888 5327
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