The Baer is back in Asia

Bank Julius Baer opens in Hong Kong and Singapore five years after it had pulled out.

Swiss private bank and institutional money manager Bank Julius Baer has opened offices in Hong Kong and Singapore, re-establishing itself in Asia after a five-year hiatus.

Thomas Meier, Zurich-based CEO for Asia, the Middle East and Eastern Europe, joined the firm last year after running the Asia private banking business for Credit Suisse. He says the firm probably made the right decision in 2001 when it closed its private bank and asset management operations in Asia.

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