Julius Baer names new SE Asia private banking head

BANK Julius Baer has named a new head of private banking for South-east Asia with immediate effect, it said on Monday.

Torsten Linke will also become the Swiss private bank's Singapore branch manager subject to a regulatory nod, it announced, adding that he would be in charge of Julius Baer's operations and development in Singapore and expanding its business presence and client base in South-east Asia.

David Lim, the bank's outgoing South-east Asia private banking head and Singapore branch manager, will change roles to become its South-east Asia vice chairman.

It said Mr Lim would focus on deepening and broadening Julius Baer's client relationships and "continue to contribute his wealth of expertise by providing advice on strategic initiatives".

Both Mr Linke and Mr Lim will report directly to Jimmy Lee, Julius Baer's Asia-Pacific head.