Julius Baer adds another ex-Credit Suisse hire to investment team

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Swiss wealth manager Julius Baer has appointed Derek Beatty executive director and senior portfolio manager in its Guernsey office, and plans to grow the team further.

Beatty spent the past 11 years at Credit Suisse as a member of its regional UK investment committee.

He has nine years’ experience co-managing $4bn of multi-manager client money.

Last month, Julius Baer announced a number of new appointments to its Guernsey office who had all joined from Credit Suisse, including Craig Allen, head of portfolio management.

Allen says Beatty has “deep investment knowledge”.

“With further hires in the pipeline, Julius Baer’s front office continues to grow, demonstrating our commitment to providing locally-based relationship management and investment management services,” Allen says.

At the time of Allen’s appointment, Julius Baer also hired Jean-Luc Le Tocq and Marie-Christine Potter from Credit Suisse to work in relationship management.

Beatty says he is excited that Julius Baer is “looking to grow its local banking operation including their discretionary portfolio management business.