Global private banking giant Julius Baer has set up an operation in Madrid to serve Spanish intermediary clients.
The team will be headed by Claudio Beretta, who most recently led Julius Baer’s intermediaries business in French- and Italian-speaking Switzerland and in Monaco.
The development of the Spanish intermediaries market will be under the responsibility of Claudia Linares, who joined the bank in mid-January 2022.
Linares previously held a similar role at UBS in Spain.
The team also includes Carlos Navarro Sabán, who has served as business developer intermediaries in Spain, and Jorge Saavedra Doménech, who joined Julius Baer in mid-January 2022 after 14 years with UBS in Spain.
In the coming months, Julius Baer will strengthen the team with additional hires.
Bolster offering in western Europe
Beretta said: “I am delighted to announce the hiring of Claudia and Jorge, who are both proven experts in our field and will form our newly created team in Spain together with Carlos. With their backgrounds, experience and understanding of the local business, the team is perfectly equipped to successfully develop Julius Baer’s intermediaries business in Spain.
“Drawing on decades of experience in empowering sophisticated intermediaries worldwide, the team starts its activities with a strong foundation and with a comprehensive offering that is specifically designed to cater to the needs of professional intermediaries and multi-family offices looking for wealth planning, wealth management and wealth financing solutions.
“This step also reflects the overall Bank’s strategic conviction to further strengthen our presence in western Europe and particularly in Spain.”
