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.
Julius Baer is reportedly hiring several private bankers from Latam 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 Julius Baer's HSBC clients. Julius Baer's most recent financial results indicated a lack of momentum in HSBC growth, but the bank now looks set to proceed unperturbed.