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Julius Bär names CEO of Monaco unit


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Julius Bär names CEO of Monaco unit

Julius BärGruppe AG appointed Albert Henriques CEO of Bank Julius Bär(Monaco) SAM, subject to regulatory approvals.

He will succeed Alain Ucari, who will become chairman andfocus on enhancing the governance of Julius Bär in Monaco and on strengtheningthe bank's ultrahigh-net-worth individuals segment.Ucari was named in January 2015.

Henriques has been head of private banking in Monaco atHSBC Holdings Plcsince 2008. At Julius Bär, he will report to Ucari and to Rémy Bersier, regionhead of southern Europe, the Middle East and Africa.