Swiss private bank Pictet is reportedly seeking to double the size of its wealth management team in London.
Under the expansion plan, the firm is planning to boost the number of staff at the London team from 25 to around 50 in the next three years, Heinrich Adami, managing director of the Swiss-based bank, was quoted as saying by Financial News.
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The publication said headhunters also confirmed that few Swiss private banks are planning to expand in London as Switzerland is on the way out to end bank secrecy.
During the start of this year, Jamie MacLeod, UK CEO at Bordier, has unveiled plans to lead a significant UK recruitment programme.
Meantime, Julius Baer is also expanding its presence across Europe following the acquisition of Merrill Lynch’s wealth business outside the US in 2012.
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