Swiss bank Julius Baer recruits 20 bankers from 1MDB-linked BSI

They are wealth managers of non-resident Indians.

Bloomberg reports that Swiss private bank Julius Baer Group Ltd. is pushing ahead with a recruitment drive in Asia, hiring close to 20 Singapore-based bankers from BSI SA, the wealth manager caught up in the scandal surrounding 1Malaysia Development Bhd., according to a person familiar with the matter.

The BSI bankers joining Julius Baer specialise in managing the wealth of non-resident Indians, the person said, asking not to be identified because the matter is confidential. Bloomberg adds that the Monetary Authority of Singapore said in May it is withdrawing BSI’s local license following an investigation into its dealings with 1MDB, the Malaysian fund which is at the center of global probes into alleged corruption and money laundering.

Also Read

Citi appoints new sales head for key Asian markets

Natixis CIB appoints new APAC equity derivatives head

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia