Strategy & Practice Management

Julius Baer announces appointment of Head of new Direct Private Investments unit

Julius Baer has announced that it will create a new unit and launch a dedicated offering for direct private investments, such as Private Equity and Private Debt for its UHNW clients, headed by Giuseppe De Filippo.

The new unit will focus on offering wealthy and sophisticated private banking clients opportunities to invest outside the traditional stock market, namely in unlisted or illiquid assets such as private equity and private debt.

The unit, headed by De Filippo, will complement Julius Baer’s current product range and will be embedded in its Markets division, where it will offer access to private market transactions across all its regions via professionals in its major booking centres.

Dieter Enkelmann, Chief Financial Officer Julius Baer, said: “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.”

De Filippo is one of the leading experts in the private market industry, with a vast network among companies, alternative asset managers, and investors. He joins from UBS, where he held various roles and, in the end, had been leading the Direct Investments Group and the Corporate Finance Group, globally, the Bank said in a press release.

Prior to this, he worked as an Associate Principal with McKinsey & Company in Zurich, Singapore, and Shanghai from 1999 to 2006. De Filippo holds a Master’s degree in Physics from the University of Pisa and a PhD in Physics from the University of Copenhagen.

Several other external and internal professionals will join De Filippo. They will contribute expertise in structuring, sourcing, and distributing transactions.

This step follows the Bank’s strategic announcement in February 2020, that it will invest more in its range of solutions and expertise, which are among the most comprehensive in the industry, to enhance its relevance for clients and capture new market opportunities. Direct investments are one of the fastest growing asset classes for UHNW clients and family offices seeking diversification, asymmetric returns, and to tap into emerging megatrends, says Julius Baer.