Key Points:
- Jonathan Chan is the Head of Global Innovation at Julius Baer, a position he has held since June 2023.
- He has set up the Global Innovation team at Julius Baer to prove that a successful innovation model is still possible in banking.
- The team focuses on scanning opportunities in the wealth management sector, ideation, validation, and incubation of projects, and transferring successful products to business units for implementation.
- Jonathan Chan has a background in corporate innovation, previously working at AXA and Cargill.
Jonathan Chan, Head of Global Innovation at Julius Baer, is leading the private bank’s efforts to drive innovation and realize value from it. Chan, who joined the bank in June 2023, has established the Global Innovation team to demonstrate that successful innovation is still achievable in the banking sector.
The team, which has a full-stack capability, is responsible for scanning opportunities in the wealth management industry and taking innovation projects through a pipeline that includes ideation, validation, and incubation. Successful ideas are transferred to internal business units to be implemented as part of standard business operations. This approach allows the team to continuously identify and pursue new opportunities.
Chan’s appointment aligns with Julius Baer’s recognition of Asia as its second home market and a key source of growth. His experience in corporate innovation at insurance company AXA and agriculture company Cargill has equipped him with the skills necessary to drive successful innovation within the banking industry.
Overall, Jonathan Chan and his Global Innovation team at Julius Baer are pioneering a successful innovation model in the banking sector. Their full-stack capability and focus on scanning opportunities, validating ideas, and implementing successful products have positioned the team to drive growth and realize value from innovation.
