Julius Baer has expanded its presence in the Middle East by gaining Merrill Lynch’s International Wealth Management arms in Lebanon, Bahrain and the UAE writes Patrick Brusnahan.
These moves will strengthen Julius Baer’s position in the Middle East’s wealth management market, gaining new footholds in Beirut and Manama. Moreover, it improves its existing presence in Dubai with two new offices, one in the domestic market and one in the freezone of the Dubai International Financial Centre.
Remy Bersier, member of the executive board of Julius Baer and head of southern Europe, Middle East and Africa, said: "I very much look forward to welcoming the new colleagues and clients. Gaining new footholds in the Middle Eastern markets of Lebanon and Bahrain and strengthening our existing Dubai presence is an important step for us and will enable us to further expand our footprint in this key growth region."