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Swiss Wealth Giant Julius Baer Eyes Middle East Expansion: Abu Dhabi Office Incoming
Swiss wealth management powerhouse Julius Baer just got the green light to set up shop in Abu Dhabi’s ADGM financial hub, signaling serious ambitions in the region’s ultra-high-net-worth segment.
What’s Happening:
Leadership Shake-Up: Victoria McLean takes the wheel as Chief Compliance Officer (effective Feb 2026), joining the Executive Board. She brings 30+ years of wealth management experience from Goldman Sachs, where she headed EMEA private wealth and compliance operations.
Why It Matters: Abu Dhabi’s positioning as a wealth management destination is heating up. ADGM chairman Ahmed Jasim Al Zaabi emphasizes the city’s appeal to international firms—and Julius Baer’s Swiss pedigree combined with regional expertise signals confidence in the market’s growth trajectory.
Stock closed at €62.40 on Frankfurt exchange Friday.