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Julius Baer bags LatAm investment advisory head from rival

Julius Baer bags LatAm investment advisory head from rival

Julius Baer has hired a new head of investment advisory from Credit Suisse to join its Latin America business.

Emanuele Sala joined the Swiss private bank’s Zurich office this week after having spent more than nine years at the bank’s Swiss rival, according to a statement from Julius Baer. 

Sala has been handed a newly-created role where he is responsible for Julius Baer’s investment advisory unit in the firm’s Hispanic America sub-region, which includes all of South America ex-Brazil.

The investment advisory unit is responsible for liaising between the firm’s private bankers and its investment recommendation and research units to ensure the group has the appropriate investment products on its platform.

In his new role, Sala will lead investment advisory teams in Uruguay and Chile. He reports to Andrea Cuomo, the head of the Hispanic America sub-region who was hired from Quilvest in early 2019 as head of its advisory team covering the Andean region and Central America.

Cuomo, who previously spent over 20 years at Credit Suisse, was later tapped to lead the private bank’s Hispanic America sub-region following a reorganization of the bank’s coverage of Latin America in late 2019.

Prior to joining Julius Baer, Sala worked as the head of Credit Suisse’s investment consulting team for Southern Europe, a post he held for more than two years, according to his LinkedIn profile.

He also previously worked as a financial advisor for the firm catering to ultra-high net worth clients in Latin America, specifically in the Southern Cone region, and led its investment consulting team covering Argentina, Chile, Uruguay and Paraguay from 2011 to 2016.

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