Global wealth manager Julius Baer is opening an advisory office in the Qatar Financial Centre, subject to regulatory approvals.
The bank is currently working closely with both the Qatar Financial Centre Authority and the Qatar Financial Centre Regulatory Authority (QFCRA) for the incorporation and application process.
As part of the expansion into Qatar, Julius Baer has hired Slim Bouker to lead the advisory office.
Bouker joins Julius Baer from Doha Bank’s wealth management arm, where he was head of private banking.
Emergence of next gen clients
Alireza Valizadeh, chief executive of Julius Baer (Middle East), said: “Julius Baer is an established name in the Middle East with a strong position in the region.
“Currently, we’re seeing the emergence of the next generation of clients – a generation that likes to look beyond the traditional ways of wealth preservation, especially in Gulf Cooperation Council (GCC) countries such as Qatar.
“Through our local presence, plus our long history in wealth management and wealth transfer between generations, we’re perfectly suited to meet the needs and requirements of this new client group.”