Print this article

Julius Baer Names Southeast Asia Team Leader

Tom Burroughes

17 February 2022

Vincent Tang has joined as a team leader for the Southeast Asia group. Based in Singapore, he reports to Chin Lit Yee, group head of Southeast Asia.

Tang, who has more than 20 years of wealth management experience, has joined from UOB Private Bank, where he worked for nearly three years, most recently as market head for Malaysia. Previously, he served in various senior leadership roles at Credit Suisse in Hong Kong and Singapore, including market leader for Hong Kong, head of real assets lending in Asia-Pacific and team leader in Singapore. Prior to that, Tang was with UBS as a senior client advisor for the ultra-high net worth team.

The move comes at a time when Western banks such as Julius Baer are continuing to build their presence in the growing Asia market, which accounts for about a quarter of Julius Baer's total assets under management and global workforce. 

Zurich-listed Julius Baer has reported SFr481.7 billion ($520.6 billion) in assets under management for 2021, rising 11.1 per cent from a year ago, with SFr19.6 billion of net inflows. Pre-tax profit rose to SFr1.328 billion, up from SFr1.114 billion in 2020, and its pre-tax margin widened to 28.2 basis points last year. The number of relationship managers fell by 7.4 per cent in 2021 to 1,274.