People Moves

Julius Baer Makes Private Banking Hire From Credit Suisse, North Asia CEO Steps Down

Amisha Mehta, Assistant Editor, 7 April 2016

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The Swiss bank has announced a senior appointment from a Swiss rival, as well as an executive departure in Asia.

Julius Baer has hired David Shick from Credit Suisse as its new head of private banking in Greater China.

Shick spent eight years at Credit Suisse, most recently as market leader for China and Taiwan within its private banking unit. He has over 25 years of industry experience, having previously served as a director at UBS' private banking division, where he helped to develop the South China business.

Based in Hong Kong, Shick will report to Jimmy Lee, head of Asia-Pacific at Julius Baer. He succeeds Kaven Leung who will be retiring. Leung, currently chief executive, North Asia and deputy head, Asia-Pacific, joined Julius Baer in 2012. He played a key role in the integration of the Merrill Lynch International Wealth Management business in Hong Kong. 

“David’s appointment underscores the importance of Greater China to the Bank and our reputation as an employer of choice in the industry. His proven client-facing experience and business development track record will further strengthen our team as we continue to serve our Greater China clients with best-in-class products and services,” said Lee.

“Kaven has been a strong leader. During his tenure, he has built and reinforced a true private banking franchise with the unbiased and conflict-free environment that serves clients the right way. His contribution to the success of our business has been invaluable. We are grateful for his leadership of our dedicated teams in serving our clients in the past years,” he added.

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