Julius Baer appoints Kaven Leung as CEO North Asia and Deputy CEO Asia

Leung has an extensive 25 years background in Asian private banking, including as a Partner of Goldman Sachs.

Julius Baer, the leading Swiss private banking group, announced Monday the appointment of Kaven Leung as CEO North Asia, Deputy CEO Asia and Chief Executive of the Hong Kong branch as of 19 April 2012, the latter position being subject to regulatory approvals. Kaven Leung will take over the role currently managed ad interim by Dr Thomas R. Meier in addition to his regional responsibilities as CEO Asia. He joins the Bank from Goldman Sachs where he co-heads the Asian private banking business.

Kaven Leung is well recognised for his extensive background in private banking in Asia, spanning over 25 years. For the last three years, he has been Partner of Goldman Sachs and in his latest function Co-Head of its Private Wealth Management Asia ex-Japan. Previously, he worked at Citigroup for more than 20 years, most recently as CEO of Global Wealth Management Asia and Member of Citigroup’s Management Committee and Asia Management Board. Kaven Leung holds an MBA in Finance and a Bachelor of Science in Economics and Business Administration.

At Julius Baer, Kaven Leung will lead the Region North Asia as well as the Hong Kong branch subject to regulatory approvals, reporting directly to Thomas Meier. He will also act as deputy of Thomas Meier in his function as CEO Asia and be Member of the Bank’s Asia Executive Committee, according to a Julius Baer report.

“I am very pleased that Kaven is joining Julius Baer, adding his expertise in private banking in Asia to the vast experience of our management team. His track record at both Goldman Sachs and Citigroup is impressive. Kaven is well known in the industry and is looking forward to working closely with our team in Asia, many of which, given his extensive private banking history, he already knows well. He is the ideal person to further expand our local business,” Thomas Meier commented.

With this latest move Julius Baer continues its ambitious growth strategy in Asia. This year the Bank has been granted a representative office licence in Shanghai by the China Banking Regulatory Commission. Furthermore, Julius Baer has recently entered into a strategic partnership with the Macquarie Group regarding the mutual referral of private and investment banking opportunities in North and Southeast Asia.