Bruno Dumitrescu, who has led both Bank Julius Baer (Monaco) S.A.M and Julius Baer Wealth Management (Monaco) S.A.M since 2010, will now fill the roles of senior relationship manager at the bank and vice-chairman of the wealth management unit.
In his new position, he will report directly to Remy Bérsier, region head for Southern Europe, Middle East, and Africa.
Alain Ucari will take over Dumitrescu’s previous positions, and will also report to Bérsier.
Ucari was previously chief executive at Credit Suisse Monaco, where he worked to expand the bank’s share of the local market and broaden its client base.
He has also held positions at Credit Suisse in Lebanon, the United Arab Emirates, and in Switzerland.
“Bruno and Alain will closely collaborate to ensure a smooth transition and to set the path for further growth in this key market,” said Bersiér.
In April last year, Julius Baer completed the transfer of Merrill Lynch’s international wealth management business in Ireland, the latest step in its integration of the firm’s business outside of the US.
