Swiss bank opens Glasgow office in UK-wide expansion

The bank says it has also hired a number of experienced relationship managers to “bring its pure wealth management approach to a wider base of UK clients”.

An additional small team will be established in Belfast, it said announcing the expansion.

The Swiss outfit pointed out that with two thirds of the UK’s wealth held by individuals outside London and the south east, it is targeting business owners, entrepreneurs and other wealthy individuals based in and around Manchester, Leeds, Glasgow and Belfast.

To this end, its newly hired relationship managers all have proven track records which, the bank said, will be joining Julius Baer over the coming months, operating out of premises that have been identified and which are expected to open later this year.

Yves Robert-Charrue, head europe and member of the executive board at Bank Julius Baer & Co. Ltd., said: “This is another step in Julius Baer Group’s growth strategy. Experienced relationship managers are attracted by Julius Baer’s pure wealth management model. The UK, with its deep pool of talent in financial services, is a strategic location for investment and growth. We are committed to building a strong business for the long term and serving clients across the whole country.”

David Durlacher, chief executive of Julius Baer International Limited, added: “We are excited to make such an important addition to Julius Baer’s already strong UK business. I am delighted we have attracted a number of very high caliber individuals and especially that we will be able to form strong and lasting client relationships across the country.”