Swiss private bank Julius Baer plans to cut between 660 and 880 jobs at Bank of America Merrill Lynch's overseas wealth management business as the integration of the newly acquired unit gets under way, a Swiss newspaper said on Sunday.
The Julius Baer Group is the leading Swiss private banking group, with a focus on servicing and advising private clients.
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Julius Baer, the leading Swiss private banking group, has appointed Luigi Vignola as new regional Head Asia of its Markets & Custody division, the trading and execution department of the Bank, as of 1 January 2012.
Julius Baer has announced the appointment of Kaven Leung as CEO North Asia, Deputy CEO Asia and Chief Executive of the Hong Kong branch as of 19 April 2012, the latter position being subject to regulatory approvals.