Julius Baer hires Ho from Credit Suisse

Swiss private bank makes yet another hire at the expense of Credit Suisse.
Bank Julius Baer has once again pinched another Credit Suisse private banker as AsiaÆs private banking landscape continues to sizzle. Swiss-based Julius Baer has announced that Kenneth Ho has become the latest banker to cross from Credit Suisse, coming on board as head of products for North Asia.

From the private bankÆs Hong Kong offices, HoÆs newly-created role will include responsibility for building its product platform in the region. This will include driving its portfolio management sales and advisory products and services, plus working on wealth engineering and trust and family services solutions.

At Credit Suisse, Ho was most recently head of products North Asia in Hong Kong. Aside from working at Credit Suisse, Ho has also worked in private banking for Salomon Smith Barney and Merrill Lynch.

He will report directly to Andrea Benenati, head of North Asia, who also joined from Credit Suisse in March 2006. HoÆs arrival is the latest move by Julius Baer to capitalise on the increasing need for private banking expertise in Asia.

In July, SwitzerlandÆs largest pure-play wealth manager, lured Daniel Chiam from OCBC in Singapore.

Prior to this announcement in July, Julius Baer had also been busy expanding its Asia reach. Aside from securing the services of Benenati from Credit Suisse, the firm also brought in Heinz Puth as head of marketing, Southeast Asia from Credit Suisse. Also joining from Credit Suisse were David Lim as head of Julius BaerÆs newly-formed investment finance unit and V Anantha Nageswaran as of head of research Asia and the Middle East.

The private bank also lured Wilfried Kofmehl from UBS to serve as its regional head of Southeast Asia and CEO for Singapore.

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