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UBS appoints Heinrich Baer as head of Luxembourg wealth management.Photo: Maison Moderne archives. 

Baer was previously head of affluent & international markets wealth management Europe, the Middle East and Africa and will relocate to Luxembourg in August when he will become a member of UBS’ WM EMEA Management Committee.

When UBS’ acquisition of Nordea’s private banking activity is complete in the second half of 2018, the Luxembourg office will have a headcount of +/- 600 people.