Julius BaerÆs Fasso joins Deutsche

He takes up private wealth management in southern Australia in the wake of Julius Baer''s Asia shutdown.

Anthony Fasso, who had run institutional business development for Bank Julius Baer in Hong Kong, has joined Deutsche Bank as director of private wealth management in Melbourne, where he will run operations for southern Australia. He reports now to Michael Parsons in Sydney, who is Deutsche's Aussie head of wealth management.

A native Australian, Fasso was looking forward to a stint back home following nine years in Asia. He knew Parsons from their days together at Bankers Trust.

Julius Baer, a family-owned Swiss private bank, closed its doors after 18 years in Hong Kong this past November. It had decided to retreat from Asia early in 2003, at which point most...

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