Julius Baer granted Hong Kong banking licence

Swiss private bank Julius Baer receives a Hong Kong banking licence from the HKMA and reiterates its commitment to Asia and its growth ambitions for assets under management in the region.

Julius Baer yesterday said it has received a banking licence from the Hong Kong Monetary Authority HKMA -- another step in the Swiss private bank's plan to strengthen its Asia platform.

The announcement was made at a press conference addressed by Thomas Meier, chief executive officer for Asia and the Middle East Andrea Benenati, CEO for North Asia Kenneth Ho, deputy global head of the investment solutions group and Ian Pollock, chief financial officer for Asia and the Middle East, and chief operating officer for North Asia.

In his opening remarks, Meier repeatedly mentioned what a great moment the granting of a bank licence is for Julius Baer, and caused the assembled audience...

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