Posted inPeople Moves

Julius Baer names new Southeast Asia group head

The Swiss pure-play wealth manager taps Credit Suisse for the new Singapore-based position.

Malcolm Tay has been appointed group head of Southeast Asia at Julius Baer, effective from 4 March 2024. This is a newly created role, and he will be based in Singapore, reporting to Yee Chin Lit, market head Southeast Asia (SEA).

Bringing over 30 years of wealth management experience, Tay (pictured) joins Julius Baer from Credit Suisse, where he held the positions of deputy market group head and market leader for Indonesia.

Prior to this, he spent 18 years at Deutsche Bank Wealth Management, most notably as group head Southeast Asia. His career also includes roles as a client relationship manager at Merrill Lynch and co-head of Indonesia onshore private bank at Citi Private Bank for a decade.

“[Tay’s] appointment not only reinforces the depth and strength of our leadership bench but also underscores our dedication to Asia as an important second home market for us,” said Yee Chin Lit, in a statement.

“[His] exceptional track record and expertise will be instrumental in driving our growth and enhancing our position in this key region,” he added.

Julius Baer is ranked as the largest pure-play wealth manager in Asia and the second largest bank in Switzerland (by market capitalisation)

A quarter of Julius Baer’s total assets under management and global workforce are based in Asia, according to the firm.

The bank recently hired Jason Gan and Mun Joo Ng as team heads for Southeast Asia.

Part of the Mark Allen Group.