I’m committed to Asia and to acquisitions, says Meier of Julius Baer
Asia chief Thomas Meier scotches rumours he will hand over to Kaven Leung anytime soon and confirms Julius Baer is still keen on acquisitions, despite losing out on Sarasin. The private bank is set to announce the official opening of its Shanghai rep office today.
Julius Baer’s Asia CEO Thomas Meier has reiterated the Swiss private bank’s desire to acquire in the region after reports confirmed its bid to buy a controlling stake in Sarasin had failed.
Over lunch this week with AsianInvestor, Meier also underscored his personal commitment to Julius Baer’s Asia expansion plan and discussed the bank’s evolving business model as market dynamics force private banks to wean themselves off transaction-driven revenues in the region.
Plus he outlin…
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