Bank Julius Bär Europe has expanded its presence in the German market by opening of a new branch in Mannheim.

The new branch will offer clients direct access to tailor-made strategies for professional wealth management and an integrated, independent wealth advisory service that will also include succession planning, inheritance strategies and foundations.

The private bank, part of the Julius Baer Group, will provide local, independent wealth management services to its clients in the Rhine-Neckar region also.

Gian Rossi, chairman of the supervisory board of Bank Julius Bär Europe, said:"The Mannheim branch represents the next milestone in the growth strategy of the Julius Baer Group.

"We are delighted to have acquired an experienced and highly skilled team of relationship managers with good local contacts for our new branch, enabling us to give our clients the best possible service right on their doorstep," he added.

In Germany, Bank Julius Bär Europe have total of eight offices in Düsseldorf, Frankfurt, Hamburg, Kiel, Munich, Stuttgart and Würzburg.