Julius Baer beefs up its Dublin operation

Switzerland’s third-largest wealth manager Julius Baer is beefing up its Irish operation as it primes itself for long-term growth in Dublin.

On Monday the Swiss private banking group said that it has “strengthened” its UK and Ireland management with five senior appointments.

“They will move into a number of new roles created as Julius Baer grows its London and Dublin businesses,” the bank said.

Terry Gyorffy, formerly of Barclays's private banking division, where he oversaw Ireland among other regions, has joined as deputy head of relationship management. Supporting each of the three main teams in London and Dublin in the role of head of supervision are Paul McCafferty (formerly Barclays), Julia Cole-Turner (formerly Coutts) and Rebecca Frowde (formerly Coutts). Gileyd Romeo Eliav-Cruz has also joined the bank from UBS as business assurance specialist.

David Durlacher, head of relationship management, said the appointments come as the wealth manager aims to “ build out Julius Baer’s business in the UK and Ireland”.

“They bring with them deep experience in front office leadership and position us well for our long-term growth in London and Dublin,” he said.

Julius Baer first entered the Irish market in 2012 when it acquired Merrill Lynch's Dublin based private banking unit, as part of a wider integration of Merrill Lynch's international wealth management business outside the US and Japan which Julius Baer agreed to acquire for $881 million. Both staff and clients transferred to Julius Baer and the unit is headed up by John Crowe, formerly of Merrill Lynch.