Swiss private banking group Julius Baer has launched an office at Bedford House in Belfast, reported The Irish News.

With this move, Julius Baer is said to become the first Swiss company with a footprint in the region.

The new location will be staffed by two relationship managers and a senior wealth planner.

The private bank forayed into Ireland with a Dublin unit around two decades ago.

The Belfast location marks the bank’s fifth UK office.

Julius Baer International CEO David Durlacher was quoted as saying: “The opening of our new permanent office in Belfast represents a significant milestone in Julius Baer’s history.

“It is a clear signal of our commitment to Northern Ireland and is a testament to the growing importance of our operations in the market.

“There is a strong culture of entrepreneurialism in Northern Ireland. Significant wealth has been created in the region over the years, and we look forward to providing clients with our unique approach to wealth management.”

Julius Baer has been recently on an expansion drive across the globe.

Earlier this month, the bank opened an office in Barcelona, Spain.

Last November, it launched an advisory office in Johannesburg, South Africa.

At the same time, it withdrew from Peru, Panama, and Venezuela.