Julius Baer’s recruitment spree is intended to further develop its growing Channel Island and international businesses, whilst expanding its investment services offering.
The five new recruits include Craig Allen, who joins from Credit Suisse Guernsey where he was head of portfolio management for the UK, Channel Islands and Gibraltar and all global sterling private mandates.
He was also chief investment officer for the Channel Islands and on its local executive committee.
Allen joins Julius Baer as head of portfolio management Guernsey and will report to branch manager Paul Van Neste.
Also from Credit Suisse are Jean-Luc Le Tocq and Marie-Christine Potter, both of whom joined on 4 April.
Le Tocq, who will also report directly to Van Neste, was head of relationship management and investment advisory in Guernsey and a member of its Channel Islands executive board for the last 13 years.
Potter has worked as a director in relationship management for 20 years. She brings 28 years of experience in the financial industry and holds broad-reaching investment experience with private clients and advisers based in Guernsey, London, and other locations.
Further, Andrea Sarchet-Luff will take responsibility for governance and oversight as part of Julius Baer’s risk, legal and compliance team.
She brings 10 years of experience with the Guernsey Financial Services Commission (GFSC), where she has worked within banking and insurance as assistant director and acting deputy director.
Finally, Iain Stables brings more than 20 years in private banking, proving mortgage and loan solutions for an international client base. He joins as a director in the credit team and will focus on Lombard and mortgage lending.
Local is key
Van Neste said the hires would support the continuing growth of the Guernsey team: “Locally focused relationship management delivered through locally based professionals remains key to ensuring a quality private banking service for both local and international clients.”