Wealth manager Julius Baer recently recruited Sylvio Castro – formerly CIO of international wealth management Brazil at Credit Suisse – to head up the client management team in that country.
He is one of the founding partners of Grimper Capital, which was set up in January 2021 after a wave of departures from Credit Suisse.
Several of Castro’s Grimper colleagues, including André Szasz and João Freitas, will also join Julius Baer’s 250-strong team in São Paulo. According to Castro, he was approached by multiple private banks over the past six months as the war for talent in Brazil’s private-banking industry heated up.
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