Julius Baer Moves Into Private Equity

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Formidable PE Contender.  

Julius Baer is set to launch a new division specializing in private equity, with UBS veteran Guiseppe Filippo poised to take the reins. The firm will name this division Direct Private Investments upon its roll out in October.

Julius Baer Private Equity Plans

The Swiss bank will have a team of investment professionals working with Filippo.  Essentially, they will focus on, among other initiatives, structuring, sourcing, and distributing transactions.  According to chief financial officer of Julius Baer Dieter Enlekmann, “I am delighted to announce the hiring of Giuseppe and a team of proven experts to form this newly created unit ‘Direct Private Investments’…With their background, their experience, and international network, Giuseppe and the new team are perfectly equipped to successfully roll out these important services, expanding the capabilities of our markets division and, thus, our relevance for UHNW clients.”  

PE Objectives 

Julius Baer’s intention with this new division is to widen its range of investment opportunities.  The bank seeks to reach into a diverse market pool to expand its portfolio.  The direct private investments team will cater to the banking needs of ultra high net work clients.  Fundamentally, the bank will allow its clients to invest in private equity and private debt.  

About Guiseppe Filippo

Filippo is a leading figure in the world of private equity with a diverse career background.  He previously held roles in UBS’ Direct Investments Group and the Corporate Finance Group.  He was also the Associate Principal at McKinsey & Company in Zurich, Singapore, and Shanghai.  Guiseppe Filippo graduated from the University of Pisa and obtained a PhD in Physics from the University of Copenhagen.

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