Last updated: 08:20 / Thursday, 8 January 2015
Joins from Credit Suisse

Alain Ucari Succeeds Bruno Dumitrescu in The Leadership of Julius Baer’s Entities in Monaco

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Alain Ucari Succeeds Bruno Dumitrescu in The Leadership of Julius Baer’s Entities in Monaco

Effective from 6 January 2015, the leadership of Julius Baer’s entities in Monaco changes: Bruno Dumitrescu, who has led both Bank Julius Baer (Monaco) S.A.M. and Julius Baer Wealth Management (Monaco) S.A.M. since 2010, has decided to step down from his present management responsibilities to fully focus on acquiring and servicing key clients in the future. He is succeeded by Alain Ucari who joins Julius Baer from Credit Suisse Monaco where he has been CEO.

Bruno Dumitrescu joined Julius Baer during the acquisition of ING Bank (Switzerland) Ltd and its subsidiaries in 2010, after leading their wealth management in Monaco as CEO for eight years. Previously, he was Commercial Director at ABN-AMRO Bank N.V. in Monaco for seven years. His leadership in the past years enabled the Bank and Wealth Management companies of Julius Baer in Monaco to successfully and strongly grow. Going forward, Bruno Dumitrescu will fully focus on acquiring and servicing key clients in his new roles as Senior Relationship Manager within the Bank and Vice-Chairman of the Wealth Management Unit in Monaco. He will continue to report directly to Rémy Bersier, Region Head Southern Europe, Middle East and Africa and member of the Executive Board.

Alain Ucari takes over from Bruno Dumitrescu as CEO of Julius Baer’s two entities in Monaco, reporting to Rémy Bersier. Prior to joining Julius Baer, he was CEO of Credit Suisse Monaco during more than twelve years. In this position, he continuously expanded the bank’s share of the local market, broadening the client base and increasing the profitability. Previously, Alain Ucari worked in senior management functions for Credit Suisse in Lebanon, the United Arab Emirates and in Switzerland. He maintains an extensive professional network, both in Monaco and on an international level.

“I would like to thank Bruno for his outstanding commitment, his personal contribution as well as for his achievement in successfully positioning Julius Baer in Monaco and developing our local business in the past years. I am pleased that we can continue to build on his broad expertise in his new roles. At the same time, I am also very happy that Alain agreed to take over such an important management responsibility. With his solid experience, excellent reputation and vast network he is the best possible choice to further build on Julius Baer’s positioning in Monaco. Bruno and Alain will closely collaborate to ensure a smooth transition and to set the path for further growth in this key market,” said Rémy Bersier.

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