Julius Baer has expanded its operations in
Germany, the latest expansion in a push that has seen the Swiss
bank extend itself in Italy, Asia and the Middle East.
The Swiss bank added 14 new relationship
managers in Germany to join teams in Frankfurt, Hamburg and
Stuttgart. It plans to open new offices in Kiel and Würzburg.
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Europe, Asia and the Middle East
growth
The Swiss banking group has announced a series
of strategic global expansions in the past five months.
In December it launched an office in Rome,
which joined the Milan office as the second in Italy to target new
clients.
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By GlobalDataIt also outlined plans to expand Julius Baer
advisory services in the Middle East and boosting its local
infrastructure and staff numbers last month.
This included relocating its chief executive
for the East Mediterranean and Middle East, Olivier Meystre, from
the Cairo office to Geneva.
In September 2010, the bank announced it would
double staff numbers in Asia in an attempt to deepen its market
penetration in the region.
New private banking head in
Europe
The bank has named Heiko Schlag as head of its
European private banking arm and member of its management
board.
Schlag previously held a senior position at
HypoVereinsbank, a member of UniCredit, for 19 years, serving
private and corporate clients.
