Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
6th December 2011
Julius Baer opening in Tel Aviv
Julius Bär announced it is to open a representative office in Tel Aviv early next year. Ran Heistein is to operate the office.
The office opening is said to have followed an extensive market investigation. The bank currently has a unit in Switzerland dedicated to Israeli customers and headed by Dan Sagui.
The opening follows on last week's opening of a representative office in Shanghai and reflects the needs of Swiss Private banks to increase their geographical spread. The Swiss Private banks profitability is affected by the European and US tax deals ending many of the tax avoidance / evasion schemes, the requirement to hold higher higher capital and the higher regulatory costs.