Bonzon snubs BSI in favour Julius Baer
Swiss private banker Yves Bonzon, who was set to join BSI Bank as CIO, will now join Julius Baer.
BSI was set to be sold by Brazilian Lender Grupo BTG Pactual.
However, as BTG failed to find an investor for BSI, Bonzon changed his mind and joined Julius Baer, where he will start as co-CIO heading a newly launched investment management service, with the aim of translating the bank’s existing research views into investment strategies for the respective clients.
The new unit is set to complement the existing Investment Solutions Group (ISG) headed by Burkhard Varnholt, he and Yves Bonzon will be co-CIOs. of Julius Baer.
Bonzon was set to start at BSI in Janaury, instead, he will be joining Julius Baer’s executive board as of February and report directly to Julius Baer CEO Boris Collardi.
His most recent position was at Pictet & Cie, where until the end of 2015 he was equity partner and CIO.