|12 February, 2020

Julius Baer announces senior appointments in the Middle East

These appointments reflect the importance of the region in Julius Baer's overall growth ambition in the Middle East

Julius Baer announces senior appointments in the Middle East

Dubai/Zurich: Julius Baer, the leading Swiss wealth management group, has appointed Alireza Valizadeh as CEO of Julius Baer (Middle East) Ltd. and Shaj Babu as CEO of Julius Baer (Bahrain) BSC (c) effective as of 1 February 2020. 

Alireza Valizadeh brings with him more than 25 years of experience in the wealth management industry. In his role as CEO, he will have the mandate to further strengthen Dubai as the main hub for the Group’s operations in the region.  In addition, he continues to be responsible for the growth of the Middle East and Africa business from the Dubai and Manama offices. Alireza joined Julius Baer in Dubai 14 years ago, held many senior roles, and played an instrumental role in the growth of the bank. Prior to joining Julius Baer, he was a part of the management team at Credit Suisse where he managed substantial assets for Ultra High Net-worth Individuals and Institutions.

Shaj Babu will be responsible for leading the growth journey of the office in Bahrain, which has been present for over 40 years. Shaj has a wealth of experience from over 10 years in the field of finance and 15 years in banking and wealth management in different approved functions between Bank of America Merrill Lynch and Julius Baer.

Commenting on the recent appointments, Régis Burger, Head Middle East & Africa, said: “The Middle East is one of the most attractive regions for wealth management and we are looking forward to further developing our successful business in these key markets. I am delighted to welcome Alireza and Shaj in their new roles as CEOs of our operations in Dubai and Manama respectively. These appointments show continuity and I am confident that they will be able to accelerate our growth strategy given their deep understanding of client needs as well as of Julius Baer’s heritage.”

Alireza Valizadeh, CEO of Julius Baer (Middle East) Ltd., commented: “My priority is to focus on strengthening Dubai as our regional hub and to ensure our clients continue to receive our well-established range of solutions while focusing on capturing the wealth creation dynamics here.  I am honoured to be taking up this new role and to represent a premium brand in global wealth management.”

Shaj Babu, CEO of Julius Baer (Bahrain) BSC (c), said: “I am pleased to further build on what we have already achieved over the past 40 years in Bahrain. Our solid relationships with our clients in the Kingdom and our dedicated senior team will allow us to continue strengthening our presence in the market.”  

© Press Release 2020

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