The team, headed by Olivier J. Meystre (56) will join Julius Baer in Geneva in June and then move to the Bank's Cairo office, planned to open later in the year. Together, Meystre and his colleagues Michel A. Morosow (40) and Sabine Repond (33) bring more than 60 years of Private Banking experience as well as a profound knowledge of this region, having spent many years at another Swiss bank mainly serving the Egyptian, Libyan, Syrian and Jordanian markets. They will report to Thomas R. Meier, Private Banking CEO Asia, Middle East, Aegean & Eastern Europe.
The three senior bankers have the task of building up Julius Baer's brand name and presence in the Eastern Mediterranean markets. Olivier J. Meystre capitalizes on more than 30 years' experience in the industry and his core markets in the region, including Egypt, Greece, Lebanon and Turkey.
In the Middle East, Julius Baer currently has an office in Dubai and is planning a further representation in Abu Dhabi.
"This strategic recruiting clearly shows our commitment to the area and is a key step in achieving the targets formulated within our growth strategy in emerging markets," said Thomas R. Meier. "We are convinced that the new setup is a solid basis for both a successful continuation in the Private Banking business with Mediterranean clients as well as for mastering the demanding market development in this region."
