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Stock impact report

Former Julius Baer Banker Joins Azura to Lead Singapore Business [BNN Bloomberg (Canada)]

JULIUS BAER GRP UNSP/ADR (JBAXY) 
NASDAQ:AMEX Investor Relations: juliusbaer.com/group/en/investors
Company Research Source: BNN Bloomberg
Ming has become chief executive officer of Azura Singapore, according to a statement released Friday. Before joining the firm, which was founded in 2019 by former Julius Baer banker Ali Jamal, Ming served as Julius Baer's managing director for Greater China, according to his LinkedIn profile. He previously worked at UOB Private Bank and Credit Suisse. Asia Pacific has become a key market for global wealth managers like Azura, which has about $4 billion in assets under management and serves more than 50 ultra-high net-worth clients and family offices. The region had the most billionaires in the world, with the number climbing to 1,019 and their combined net worth reaching $3.7 trillion last year, UBS Group AG said in a November report. Azura opened its Singapore branch in 2020 to cater to a continued influx of wealth — family offices in the city-state mushroomed to about 1,100 by the end of 2022 from 400 in 2020, according to Monetary Authority of Singapore estimates. Azura hired Show less Read more
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