The Swiss wealth manager is inking a partnership with a wealth management institute based in Beijing, in a bid to foster education among Chinese private bankers.
Julius Baer is the first foreign firm to work with the Beijing International Wealth Management Institute, it said in a statement on Thursday. The Swiss private bank didn't make public details of its cooperation with the Chinese professional training institute.
The institute, established through the support of the Beijing Municipal Government, is overseen by Shan Li, a former Goldman Sachs, Lehman Brothers, and UBS investment banker who was elected to the board of Credit Suisse last year. Julius Baer said it will provide its management expertise to the institute's academic research in order to help train and educate wealth managers in China.
The institute also partners with Chinastone Capital, Beijing International Fortune Centre, Caijing & Barron’s China, and the Swiss-China World Silk Road Association. China is a key market for Julius Baer, which in Asia is overseen by wealth veteran Jimmy Lee.
