Private banking group, Julius Baer International Limited, is expanding its UK presence by opening new offices in the North West, Yorkshire, and Scotland.
Julius Baer Group, which is headquartered in Zurich, Switzerland, is investing further in the UK and making its wealth management approach available across the country.
In addition to the new offices in Manchester, Leeds, and Glasgow, an additional small team will be established in Belfast.
As part of the expansion, the company has hired several experienced relationship managers to bring its wealth management services to a wider base of clients.
These newly hired relationship managers all have proven track records and will be joining Julius Baer over the coming months, operating out of premises that are expected to open later this year.
Two thirds of the UK’s wealth is held by individuals outside London and the south east. The new Julius Baer expansion will mean business owners, entrepreneurs and other wealthy individuals based in and around Manchester, Leeds, Glasgow and Belfast will have access to the proven experience of a local team of relationship managers.
Yves Robert-Charrue, head Europe and member of the executive board at Julius Baer, 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 calibre individuals and especially that we will be able to form strong and lasting client relationships across the country.”