The DIAS soluton aims to simplify the regulatory compliance process for relationship managers, allowing them to provide compliant advice to their customers.
The suite serves as a “fully-integrated” solution. It aims to offer a seamless, end-to-end advisory process, offering managers with a complete or thorough overview of client situations and identifying potential opportunities for meaningful engagement.
DiAS was developed to enhance the overall efficiency by effectively navigating regulations, automating administration processes and saving time in offering investment advice. DIAS works by screening Julius Baer’s investment ecosystem and suggests various investment strategies that meet customers’ investment goals and matches up with their individual risk appetite levels.
DIAS aims to go beyond previous systems by combining various AI or machine learning algorithms with the key requirements of relationship managers.
Nicolas de Skowronski, Co-Head of Investment and Wealth Management Solutions, Bank Julius Baer, remarked:
“At Julius Baer, we believe that it is paramount to leverage technology to innovate and constantly enhance our services. Julius Baer is one of very few international private banks to have all their major booking centres on one digital advisory platform. To achieve such significant efficiency gains while still keeping the platform connected to our vast technology architecture, we needed a bespoke solution such as DiAS which was created from scratch by our teams across Zurich and Asia.”
Jimmy Lee, Head Asia Pacific, Bank Julius Baer, stated:
“In light of changing market conditions and the evolving needs of clients in Asia, it is increasingly imperative for the financial industry to accelerate innovation and digital transformation. Integrated digital advisory platforms such as DiAS will empower relationship managers to manage portfolios efficiently and serve our clients in the region with best-in-class advice and customised solutions. Julius Baer will continue to invest significantly in technology to help relationship managers strengthen personal connections with clients.”
The Julius Baer team states that they’re the “international reference” in wealth management, based on “a solid Swiss heritage.” With origins dating back to 1890, the company says it has been focused on serving and advising private clients and family offices from across the globe for more than 125 years.
Julius Baer adds that for them, wealth management is about “more than providing favorable returns.” It is about providing “a fully holistic service for our clients and building lasting relationships based on partnership, continuity and mutual trust.”
The company added that they take the same approach when it comes to their team.
They also mentioned:
“We look to recruit and develop the best talent for the long term – people who share our core values of Care, Passion, Excellence. Headquartered in Zurich, we are present in more than 50 locations worldwide, including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Milan, Monaco, Montevideo, Moscow, Mumbai, Singapore and Tokyo.”