Swiss banking group Julius Baer has announced the opening of new offices in Manchester, Leeds and Glasgow in order to expand its presence in the UK.
The company, which is also establishing a team in Belfast, said it has hired a number of experienced relationship managers, who will be joining the group over the coming months, with the aim to bring its wealth management approach to a wider base of UK clients.
“Two thirds of the UK’s wealth is held by individuals outside London and the south east. Business owners, entrepreneurs and other wealthy individuals based in and around Manchester, Leeds, Glasgow and Belfast will now have access to the Julius Baer offering and the proven experience of a local team of relationship managers”, the firm echoed.
Yves Robert-Charrue, head Europe and member of the Executive Board at Bank Julius Baer, said: “This is another step in Julius Baer Group’s growth strategy. 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.”
Julius Baer managed CHF335bn (€291.3bn) in assets as of end June 2017.