Julius Baer, Switzerland's leading dedicated wealth manager, has been named Best Boutique Bank in Asia-Pacific for 2008 by Asiamoney, the Hong Kong based finance magazine covering capital markets and wealth management in Asia.
The poll is the only one of its kind in Asia to seek the input of high net worth inpiduals from all over Asia but mainly from Hong Kong, Taiwan, Korea, Singapore and India. Julius Baer received 43% of the votes for the category Best Boutique Bank, constituting a virtual landslide for the team. In addition, Julius Baer was placed fifth among all private banks by investors who have over USD 25 million under management.
Dr Thomas Meier, CEO Asia, Middle East and Eastern Europe of Bank Julius Baer, says: "I commend our teams in Asia for these outstanding results. In a competitive marketplace where businesses compete for clients, customer satisfaction is seen as a key differentiator and predictor of business success."
Andrea Benenati, CEO North Asia, comments: "We have worked hard to build our business and brand recognition in this region. It is especially rewarding when clients rate us as the best provider. We hear this in person when we meet with inpidual clients, but to have a solid poll result is very gratifying. To be among the top five organizations servicing elite wealthy groups is also exceptionally encouraging."
Wilfried Kofmehl, Regional Head for South East Asia, adds: "Client satisfaction is often positively correlated with staff satisfaction. In wealth management, where relationship managers have client relationships spanning several years, the association is particularly strong. Therefore, we believe that this award also supports our aspiration to be Asia's employer of choice for this industry."
Asiamoney since launched in 1989 has been providing leading discerning reporting and analyses of the ins-and-outs of the financial and investment markets for capital issuers, borrowers, institutional investors and senior corporate and government monetary decision makers with business interest in the Asia Pacific countries. This financial monthly is the one-point source of very practical financial intelligence for C-level executives in finance, treasury and banking having Asia in their investment and business portfolio.
About Julius Baer
Julius Baer is the leading dedicated wealth manager in Switzerland. The Group, which has roots dating to the nineteenth century, concentrates exclusively on private banking and asset management for private and institutional clients. With more than 4 000 employees worldwide, the Group managed assets in excess of CHF 400 billion at the end of 2007. The Julius Baer Group's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Moscow, New York, Singapore and Tokyo. Bank Julius Baer and GAM, a leading global active asset manager, are the key companies of the Group. The shares of Julius Baer Holding Ltd. are listed on the SWX Swiss Exchange and form part of the Swiss Market Index SMI which comprises the 20 largest and most liquid stocks.