Swiss bank Julius Baer appointed Goldman Sachs’ former Singapore CEO Jason Moo as private banking head for Southeast Asia and branch manager for Singapore, Julius Baer announced in a press release on Friday (Nov. 8).
Moo will replace Torsten Linke, who was appointed the head of global India and developed markets. Linke’s new role will include both onshore and offshore Indian markets, Japan and the Asia business managed out of Switzerland. Both Moo and Linke will report to Jimmy Lee, the Asia Pacific head.
Moo was CEO of Goldman Sachs Singapore (Pte) and head of Southeast Asia and Australia for private wealth management, according to the statement. He previously held roles including head of Asia Pacific alternative capital markets in Hong Kong.
“We are pleased to welcome Jason to Julius Baer. His extensive experience in wealth management combined with the breadth and depth of his product knowledge will help us drive and further expand our Singapore and South East Asia businesses,” said Lee.
“I would also like to thank Torsten for his contributions over the past years. He is a trusted partner to many of us. With his extensive management experience and relevant market expertise, he is perfectly positioned to lead our important new Sub-Region,” he added.
Julius Baer is a Swiss multinational private bank founded headquartered in Zürich. It is one of the oldest and largest Swiss banking institutions.
In other swiss banking news, an August survey of 34 banks in Switzerland showed that only about 50 percent of the population bank online.
The survey was conducted by the Swiss National Bank (SNB) and included questions about how much customers actually want the ability to make payments online.
It was focused on digital payments technology, which in Switzerland is more advanced than digitization in mortgage lending.