Julius Baer CEO Collardi Says Greater China Has Potential

The video discusses the growth of personal wealth in Asia, highlighting the profitability and challenges of operating in the region. CEO Boris Collardi emphasizes the strong asset base and revenue pool, which have supported investments. The closure of operations in Indonesia is attributed to an outdated business model. Future potential in Asia is seen in the North Asia triangle and Southeast Asia, with joint ventures in China being a key focus. The aim is to develop a successful onshore strategy for wealth management.

What has allowed the company to continue making investments in Asia?

• Government subsidies

• Decreased competition

• Increased taxation

• A strong asset base and large revenue pool

Why did the company decide to close its operations in Indonesia?

• Lack of market potential

• Due to government scrutiny

• High operational costs

• Because of an outdated business model

Which area is referred to as the North Asia triangle?

• India, Pakistan, and Bangladesh

• Greater China with Hong Kong, China, and Taiwan

• Thailand, Vietnam, and Malaysia

• Japan, South Korea, and China

What is considered the 'Holy Grail' in the context of the company's strategy in China?

• Increasing the number of partnerships

• Reducing operational costs

• Establishing a monopoly in the market

• Understanding and deploying a successful onshore strategy

What is the company's approach to wealth management in China?

• Relying on government support

• Avoiding the Chinese market entirely

• Working through joint ventures and partnerships

• Focusing solely on offshore strategies