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Hong Kong, 7 April 2016 – Bank Julius Baer has appointed David Shick as Head Private Banking Greater China with immediate effect. Based in Hong Kong, he will be responsible for expanding the Bank’s business presence and client base across Greater China. He will report to Jimmy Lee, Head Asia Pacific at Bank Julius Baer.

David Shick joins Julius Baer with more than 25 years of experience in the financial industry and has a broad base of professional and management expertise. He joins from Credit Suisse’s private banking unit where he was most recently Market Leader China & Taiwan. During his eight years at the bank, he was instrumental in building a successful franchise covering China and Taiwan. From 2006 to 2008, he was a Director at UBS private banking and helped developed the South China business. Prior to that, he held senior management roles at a number of multi-national firms in Singapore, Taipei and Vancouver, including the Canadian Imperial Bank of Commerce. David holds a Master of Business Administration from the Fuqua School of Business at Duke University, North Carolina, and a Bachelor of Business Administration from Simon Fraser University, British Columbia.

Kaven Leung, currently CEO North Asia and Deputy Head Asia Pacific, has decided to take his retirement. Since joining the Bank in 2012, he has been instrumental in building up the Julius Baer franchise across Greater China and has played an important role in the successful integration of the Merrill Lynch International Wealth Management business in Hong Kong.

“David’s appointment underscores the importance of Greater China to the Bank and our reputation as an employer of choice in the industry. His proven client-facing experience and business development track record will further strengthen our team as we continue to serve our Greater China clients with best-in-class products and services,” said Jimmy Lee.

“Kaven has been a strong leader. During his tenure, he has built and reinforced a true private banking franchise with the unbiased and conflict-free environment that serves clients the right way. His contribution to the success of our business has been invaluable. We are grateful for his leadership of our dedicated teams in serving our clients in the past years. We wish him the very best for this next stage in his life,” added Jimmy Lee.