Julius Baer to broaden in Qatar to drive subsequent part of development in Center East

Doha: Main Swiss wealth administration group Julius Baer has introduced its plans to faucet into the Qatari market by opening an Advisory Workplace within the Qatar Monetary Centre, topic to regulatory approvals. The Financial institution is at present working intently with each the Qatar Monetary Centre Authority and the Qatar Monetary Centre Regulatory Authority (QFCRA) for the incorporation and software course of.

Julius Baer has due to this fact employed Slim Bouker to help its ambition to broaden into Qatar and lead the Advisory Workplace, as soon as all regulatory approvals for the workplace and for his appointment are in place. Slim joins Julius Baer from Doha Financial institution’s wealth administration arm the place he was Head of Non-public Banking. In his position at Julius Baer, he’ll report back to Alireza Valizadeh, Chief Govt Officer at Julius Baer (Center East).

Régis Burger, International Head Center East & Africa at Julius Baer commented: “Now we have grown our Center East enterprise by leaps and bounds prior to now a long time and this transfer will help our subsequent part of development and improvement within the area. Over a few years, Qatar’s story of development has been as spectacular because it has been profitable, making a diversified nationwide economic system supported by its pure assets. As well as, the nation has made nice strides in its efforts to turn out to be a sports activities and training hub within the Center East, whereas selling an bold artwork programme via its cultural establishments. I’m assured that our Swiss heritage, coupled with our regional experience, will assist us to succeed in nice heights on this promising market”.

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Valizadeh added: “Julius Baer is a longtime identify within the Center East with a powerful place within the area. Presently, we’re seeing the emergence of the following era of purchasers – a era that likes to look past the normal methods of wealth preservation, particularly in Gulf Cooperation Council (GCC) nations similar to Qatar. By our native presence, plus our lengthy historical past in wealth administration and wealth switch between generations, we’re completely suited to satisfy the wants and necessities of this new consumer group. I’m more than happy to welcome Slim to the Julius Baer household and I’m assured that his expertise and information of Qatar will assist us obtain our bold targets”.

Julius Baer is current in over 25 nations and greater than 60 places. Headquartered in Zurich, the group focuses on its client-centric method, goal recommendation based mostly on the Julius Baer open product platform, a strong monetary base and an entrepreneurial administration tradition that makes the corporate a world reference in wealth administration.