Julius Baer, a leading Swiss private banking group, recently celebrated its 40-year anniversary in Bahrain in the presence of clients from the kingdom and the region.

This year also marks significant milestones for Bahrain as the country celebrates its 45th anniversary and the 17th anniversary of His Majesty King Hamad Bin Isa Al Khalifa’s accession to the throne.

On this occasion, Rémy A Bersier, head Emerging Markets and Member of the Executive Board of Bank Julius Baer, visited key members of the Bahrain Royal family in order to reiterate Julius Baer’s commitment to the Kingdom. Bersier also hosted a gala dinner to commemorate the occasion at the Four Seasons Hotel, which was attended by more than 80 guests including clients and employees.

Julius Baer took over the Merrill Lynch office in Bahrain, which was established in 1976, and commenced its operations in the Kingdom on December 9, 2013. Since the acquisition, 95 per cent of Merrill Lynch’s clients in the Kingdom have chosen to move over to Julius Baer, a statement said.

Daniel Ph. Savary, head Middle East & Africa at Julius Baer, said: “As we look back at the past years, we are filled with pride at what has been achieved. Banking on Julius Baer’s rich heritage spanning 126 years, the Bank carried the legacy of history, trust, and loyalty cemented in the past 40 years in the aim of continuing to deepen its ties with clients in Bahrain and offer them bespoke advisory solutions.

“Given the opportunities in the Kingdom, we are confident that we are on a very promising growth trajectory. Being strategically located in close proximity to the Kingdom of Saudi Arabia, the Bank’s office in Bahrain enables us to enhance our ties with the region’s biggest economy. On behalf of the Julius Baer team in Bahrain, I would like to congratulate the Kingdom of Bahrain and its people for the country’s 45th anniversary. We also wish to extend our best wishes to His Majesty King Hamad Al Khalifa on the 17th anniversary of his accession to the throne; we are confident that under his wise leadership, Bahrain will further cement its status as a vibrant business hub.”

Saman Habibian, head of GCC International and CEO Julius Baer Bahrain, said: “We are proud to be one of the few global banks currently based in Bahrain providing bespoke wealth management services and offering our expertise to support our clients in promising but challenging circumstances.

“On this special occasion, we would like to thank them for their invaluable support, and extend our gratitude to the highest government officials in Bahrain, without whom our success would not have been possible. As evident in the hiring of four new RMs to serve our clients here, we remain dedicated to growing our business in the GCC as well as expanding our footprint in Bahrain.”

Earlier this year, Julius Baer revealed a restructuring strategy that makes Dubai the hub for its Emerging Markets business, which includes countries in Central/Eastern Europe/CIS, the Middle East, India and Africa.

To mark the anniversary, Julius Baer announced the hiring of four additional relationship managers (RMs) to expand its footprint in Bahrain and cater to its expanding network of clients in the region. – TradeArabia News Service