Zurich-based The private bank announced that Chin Lit Yee has been named as Julius Baer's new head of South East Asia.
With all appointments taking effect, Kevin Tay will take up Yee's prior position as group leader of South East Asia.
Yee has been in the wealth management industry for more than 30 years. He had previously worked for Credit Suisse, Deutsche Bank, and J.P. Morgan, according to the announcement, before joining Julius Baer in 2015.
Tay will take up Yee's prior responsibilities and report to Yee in his new position. Tay is an experienced banker who most recently worked as the bank's head of wealth planning and family office services in Singapore.
The hirings occur as Julius Bär, which considers Asia to be its second home market, sharpens its focus there. Two of its seven booking hubs are located in Singapore and Hong Kong, which also house 24% of its whole personnel.
Yee Kim Tan has been appointed as the manager of Julius Bär's Singapore branch.
Private banking company Julius Bär Group AG, often known as Julius Baer Group Ltd., was established and has its headquarters in Switzerland. It is one of the more established Swiss financial organizations, with its headquarters in Zürich. After UBS and Credit Suisse, two generalist Swiss banks, and Julius Bär, the largest pure-play private bank, in terms of assets under management.