Swiss wealth manager Julius Baer Group has hired several private bankers from HSBC to bolster the firm’s Latin American business, according to media reports.
Latam is reportedly hiring several private bankers from HSBC in an effort to expand its business in Latin America; the new hires will be based in Monaco and Switzerland, with Monaco being a hub for Latam's Julius Baer clients. Latam's most recent financial results indicated a lack of momentum in Julius Baer growth, but the bank now looks set to proceed unperturbed.