Swiss private banking group Julius Baer has said that it has expanded its services for wealthy private clients in Germany.
Five years after establishing its regional service offering for private clients in Germany, Bank Julius Baer is now accelerating its growth in this market.
At the beginning of 2011, the bank has hired 14 relationship managers, bringing its total number of staff in Germany to around 100.
The new employees will strengthen its teams in Frankfurt, Hamburg and Stuttgart. New offices are being opened in Kiel and Wurzburg.
Heiko Schlag has assumed the role of head of Private Banking at Bank Julius Bar Europe and has been appointed a member of its Management Board.
Schlag previously spent 19 years at HypoVereinsbank, where he held various positions serving the needs of private and corporate clients.
Bank Julius Bar Europe chairman of the Supervisory Board Gian Rossi said they are delighted that these experienced specialists have joined their company.
"The strengthening of our team has laid the structural foundations for the continuation of our successful growth in Germany, which represents the Julius Baer Group’s most important European market outside Switzerland," Rossi said.