Julius Baer grows in Italy with Milan branch #ItalyFinance

Julius Baer has expanded its footprint in Europe with the launch of a dedicated branch in Milan, marking its entry into the Italian onshore market.

The Swiss private bank has secured regulatory approval and plans to open the office in the first half of 2025.

The Milan branch will operate under Bank Julius Baer Europe SA, based in Luxembourg, and will cater to ultra-high and high-net-worth individuals as well as family offices in Italy. The move is part of the bank’s broader strategy to enhance its presence across the continent, following successful expansions in Dublin, Madrid, and Barcelona.

Moreover, Roberto Coletta has been appointed as head of the new Italian branch. Coletta, who joined Julius Baer in September 2024, brings extensive experience in private banking. Prior to this role, he served as head of Private Bank Italy at Deutsche Bank and was a board member of Deutsche Bank Italy.

His career also includes six years at Credit Suisse, where he led the UHNWI (Ultra-High-Net-Worth Individual) Market Area Italy. Based in Milan, he will report to Falk Fischer, CEO of Bank Julius Baer Europe S.A.

Sonia Goessi, head of Switzerland & Europe at Julius Baer, emphasised: “We are excited to enter the Italian onshore market with an own local presence. This move reinforces our commitment to serving Italian clients and strengthens our position as a leading wealth manager in Europe. Roberto Coletta’s long-standing track record and experience will be instrumental for the set-up and the successful start of the new branch. We look very much forward to enter this promising market with an own local presence and continue to build on the successes of our other European branches.”

Julius Baer’s entry into Italy is expected to enhance its ability to serve local clients with tailored wealth management solutions. The bank, which has been expanding steadily across Europe, sees Italy as a promising market for further growth.

With the upcoming Milan branch, Julius Baer aims to replicate its success in other key European financial hubs while reinforcing its commitment to offering personalised financial services to Italy’s wealthy clientele.

“Julius Baer grows in Italy with Milan branch” was originally created and published by Private Banker International, a GlobalData owned brand.

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