A senior private banking executive, formerly of Julius Baer, has gone to work at one of its Switzerland-headquartered rivals in Singapore.

Bank J Safra Sarasin has appointed Sutarmin Lili as a managing director, client advisory, effective as of today, it said.

Lili has more than 25 years of experience in the industry, the bank said in a statement today. Lili previously worked at Julius Baer, Singapore, where he had been a managing director since 2010, and was named to the Presidents’ Club in 2014 and 2015. He joined Julius Baer from UBS, where he had been an executive director since 2008. Prior to UBS, Lili worked at PT Bank Lippo in Jakarta, where he was a managing director, Commercial Banking from 2005 to 2008 and head of the Commercial Banking Group from 2000 to 2004. From 1998 to 2000 he worked at Bank Paribas Indonesia as head of Corporate Banking.

In the new role, Lili will manage a team primarily covering the Indonesia and Southeast Asian markets. Lili reports to Benedikt Maissen, chief executive officer, Singapore, and is based at the firm's Singapore branch.

There have been a number of senior appointments by the bank. In September, Bank J Safra Sarasin announced it had appointed Harpreet Singh from Bank of Singapore, joining its NRI team. Soon after, the Switzerland-headquartered bank said it had brought in Samai Natarajanhas, as an executive director to cover Southeast Asian markets, reporting to Tan How Seng, who is market head for Indonesia. Previously, Natarajanhas was a senior vice president at DBS, having joined the bank as result of the takeover of Societe Generale Private Banking in 2014.

In April this year, the bank appointed Maissen (previously mentioned in this article) as CEO of its Singapore branch. At the start of March, the bank appointed former senior ABN AMRO private banker Feroze Sukh as managing director, client advisory.