The private bank, which has described Asia as its second home market, continues to strengthen its coverage in the Philippines.

Julius Baer continues to add to its private banking coverage of the Philippines, following hires exclusively reported by this news service earlier in August, and strengthening a trend of banks adding talent in the expanding Asian country.

Christian Cappelli will relocate to Singapore from Hong Kong to lead the Zurich-listed lender's Philippines operations, continuing in his present role as market group head for the country and reporting to Angela Bow, head of emerging Asia.  

Ivan Guidi has been appointed deputy sub-regional head for emerging Asia and senior client advisor for UHNW Philippines, also reporting to Bow. Guidi was previously head of offshore markets ex-Greater China at Julius Baer. He is based in Hong Kong.

Both these individuals were among the first group of bankers who joined Julius Baer when it established a presence in Asia in 2007.  

“Our ability to attract senior Philippines bankers in an environment where competition for talent is fierce reaffirms the attractiveness of our value proposition as a pure play private bank with a strong product platform. I am very happy that we have been able to blend new talent and leverage the seniority of the existing team," Bow said in a statement emailed to this news service.

As reported on 19 August by WealthBriefingAsia, in Hong Kong, Dominik Fuerst joined as team head, focusing on the Philippine market. He serves as an executive director, having previously spent nearly six years at Lombard Odier Darier Hentsch. Prior to that, he worked at UBS. Joining his team as a senior relationship manager from UBS is Trina Louey. Mike Locsin joined the Singapore team after eight years with Credit Suisse. He has also been appointed as a senior relationship manager, focusing on the Philippine market.

A number of banks have added teams covering the Philippines in recent months and years, emboldened by the country's relatively robust pace of growth. Late last week, Bank of Singapore, for example, made a senior hire (see here). Credit Suisse made a senior hire in the country in May. (See here.)