Established in 1999



Public Others Government Business Arts Community
Entertainment Lifestyle Services People Travel Internet Stuff



     FrontPage Edition: Tue 20 March 2007

Weather: Meteorological Service Singapore    High & Low Tides

Yesterday   2007   2006   2005   2004   2003   2002   2001   2000   1999

Bank Julius Baer opens wholesale bank branch in Singapore


Bank Julius Baer further enhances its presence in Singapore

Bank Julius Baer, Switzerland¡¯s leading dedicated wealth manager, has announced that the Monetary Authority of Singapore has granted in-principle approval for the bank to establish a wholesale bank branch in Singapore.
The bank was established in Singapore in 2003 and became Bank Julius Baer (Singapore) Ltd. on 3 January 2006.
The bank moved into the 21st floor of One George Street in April 2006. On 9 November 2006, it celebrated its official opening in Singapore.
With the wholesale bank license, the bank can offer, among other things, basic Singapore Dollars (SGD) products such as current accounts, deposits and loans for all clients including Singapore residents.
Thomas R. Meier, CEO Private Banking Asia, Middle East, Aegean & Eastern Europe, said: "This is yet another important milestone and an integral part of the bank's strategy to strengthen our presence and expand our business and footprint in the region and bring us even closer to our clients here."
Wilfried Kofmehl, CEO Private Banking South East Asia, added: "We would like to thank the Monetary Authority of Singapore for their support. We are committed to Singapore and the regional market. Since we opened to service the regional market, we have expanded our team of relationship managers, developed a full-fledged booking system for Asian and international clients as well as trading facilities to cover Asian markets, all thanks to the strong support of totally dedicated staff and our clients."
On 8 February 2007, the Julius Baer Group announced its 2006 full-year results that showed an increase in net profit by 35% to CHF 868 million and assets under management (AUM) to CHF 361 billion. Growth markets, Asia in particular, showed strong inflows of net new money.
About Julius Baer
The Julius Baer Group is the leading dedicated wealth manager in Switzerland. The Group, whose roots date back to the 19th century, concentrates exclusively on the fields of private banking and asset management for private and institutional clients.
With more than 3,600 employees worldwide, the Group managed clients¡¯ assets in excess of CHF 360 billion at the end of December 2006.
The Julius Baer Group¡¯s global presence comprises over 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer, the key company of the Group, has a longterm debt rating of Aa3 from Moody¡¯s. The shares of Julius Baer Holding Ltd. are listed on the SWX Swiss Exchange.

Source: Press Release 19 Mar 2007

Important Notice

Our FrontPage Editions are a historical record of our Web site and reflect the changing of the times, and also of our Web site through time. We do not and will not update the links and stories on these FrontPages even if they have become obsolete.


If you have an event or some news to share with our readers, send the details, including picture(s), to us at 

We are now 13046 pages thick and growing.

Public Holidays GOOD FRIDAY is the next public holiday. It falls on 6 April 2007.