Credit Suisse Private Bank's Kenneth Ho, North Asia head of products, based in Hong Kong, has joined Bank Julius Baer in a new role as head of products for Asia-Pacific. "We're the only wealth manager in the region not tied to a specific investment bank," Ho said, explaining this independence allows Julius Baer to obtain a broader scope of products and competitive prices.
Bank Julius Baer set up a Hong Kong office and hired a few dozen staff this year in Hong Kong and Singapore. It is part of an aggressive global expansion since new management joined from Credit Suisse Private Bank in Europe and Asia.
Ho said the firm offers products across asset classes especially equity, fixed-income and foreign exchange-linked transactions and deals with around 15 of the largest investment banks for structures.
Edna Lam, spokeswoman at Credit Suisse, said the firm is in the process of identifying a replacement for Ho.
