Julius Baer poaches UBS marketers in Singapore

Wealth manager Bank Julius Baer has expanded its marketing team in Singapore with several senior hires from Swiss rival UBS.

Michael de Santiesteban has joined as team head and managing director of marketing for southeast Asia, reporting to Heinz Puth, head of marketing for southeast Asia. De Santiesteban was most recently desk head for south Asia at UBS in Singapore and brings with him five UBS colleagues.

Thitima Chuntamongkol has moved to Julius Baer after six years at UBS. Christina Ng has also joined, moving from BNP Paribas Private Bank, where she managed ultra-high-net-worth clients with investable assets of more than $50 million.

Jan Philip Dirkman and Theekaroj Piampongsarn will also join the Julius Baer southeast Asia marketing team in the first half of the year from UBS.

Singapore is one of the fastest growing offshore private banking centres in the world. The city state’s financial regulator, the Monetary Authority of Singapore, released statistics in December showing that non-resident deposits grew by 46% to almost S$30 billion at the end of October from a year before.