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Swiss Wealth Giant Julius Baer Eyes Middle East: New Abu Dhabi Hub Launches in 2025

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Julius Baer, the Swiss wealth management powerhouse, just got the green light to open an advisory office in Abu Dhabi’s ADGM financial hub. The move marks a strategic bet on the region’s ultra-high-net-worth market, coming 20 years after their first UAE footprint.

What’s Happening:

  • New Julius Baer (Abu Dhabi) Ltd. to launch December 2025, led by CEO Amir Iskander
  • Received in-principle approval from FSRA (Financial Services Regulatory Authority)
  • Targeting ultra-high-net-worth clients in the region

Leadership Reshuffle: Victoria McLean takes over as Chief Compliance Officer and Executive Board member effective end of February 2026. The move brings serious firepower—McLean spent 30+ years in wealth management and previously headed Private Wealth Compliance at Goldman Sachs, covering EMEA (Europe, Middle East, Africa).

The Bigger Picture: Abu Dhabi is emerging as a serious contender in the wealth management space. ADGM Chairman Ahmed Jasim Al Zaabi highlighted Julius Baer’s Swiss pedigree and deep regional expertise as proof that international wealth managers see real opportunity here.

Julius Baer shares closed Friday at €62.40 on the Frankfurt exchange.

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