Julius Baer appoints head of private banking for Southeast Asia

Bank Julius Baer announced yesterday that it had appointed David Lim as head of private banking for Southeast Asia as of February 1, 2010. Lim is also deputy CEO Singapore.

"With his solid investment and wealth-management background, strong client relationships and in-depth knowledge of the Southeast Asian markets, he will accelerate the bank's growth and building of Asia as our second home market," Thomas Meier, CEO Asia & Middle East, said in a statement. "We also look to him to transform Singapore as the bank's centre of competence for Southeast Asia."

Based in Singapore, Lim reports to Meier. Prior to this, he was deputy CEO Singapore and head of investment finance, responsible for the bank's advisory, fiduciary and capital market activities and for the offering of comprehensive, niche investment solutions to clients.

Lim replaces Wilfried Kofmehl, managing director, who has decided "to focus purely on key client relationships, which is an area that allows him to make the most impact for clients", the bank said in a statement . "This is also in line with the bank's drive to assign senior managers to their top clients for increased attention and care," it added.

Julius Baer has said in previous statements that it intends to make Asia its second home market.