A renowned private banking veteran and one of the leading names in fund selection in Asia has decided to leave Julius Baer, according to an internal note seen by finews.asia.
John Cappetta, managing director and senior advisor at Julius Baer, will exit after serving a notice period, according to the note.
A spokesperson for the bank declined to comment.
Cappetta has a hefty 28 years of experience in the financial sector focusing on product sales and marketing. He spent six years with Julius Baer following the acquisition of Bank of America Merrill Lynch’s international wealth arm in 2012, where he was last its head of mutual fund sales for Asia.
Since his move to Singapore in 2007, Cappetta has garnered a reputation not only for effective fund selection and distribution but also for promoting lesser known asset managers, many of whom subsequently developed into established industry names, rather than merely capitalizing on Asia’s ultra brand-conscious tendencies.
