Swiss private bank Julius Baer has hired a new chief executive for its Dubai-based operations from larger rival UBS.

Peter Schaer starts as the new chief executive of Julius Baer in Dubai, succeeding Rolf Schaerer, who is stepping down. Schaerer will remain in Dubai in order to focus fully on his role as head for the Indian Subcontinent.

Tara Loader Wilkinson

Julius Baer

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Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

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Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

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Jugakalpa Das’ six-member pod will start trading for Sumo in July

Chicago-based Northern Trust has a market value north of $21 billion. The firms’ chief executives had at least one conversation.

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Oil seesawed and Asian equity markets were mixed after the U.S. carried out strikes on Iranian nuclear sites over the weekend, raising concerns about an escalation of the conflict that began with Israeli attacks on Iran.

Oil Stays Volatile as Markets Weigh U.S. Attacks on Iran

In a bid to address an AI crisis at his company, the Meta CEO has gotten personally involved in recruiting top talent.

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Israel’s attack on Iran gave the greenback a boost after a long stretch of trouble. But the long-run prospects for the dollar don’t look good.

The shipments have propelled Ireland, a country of only 5.4 million people, to the second-largest goods-trade imbalance with the U.S., trailing only China.

How Weight-Loss Drugs Blew Out the U.S. Trade Deficit

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Julius Baer hires from UBS

Financial News

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How Weight-Loss Drugs Blew Out the U.S. Trade Deficit