Julius Baer has added five new relationship managers and a wealth planner to its offices across Germany, with three of the new staff hired from competitor UBS.

Julius Baer said in a statement that it had worked throughout 2018 to strengthen its private client business in Germany, opening new locations in Hanover and Berlin taking the total number of German offices to ten. It added that it intends to continue this expansion in 2019.

In Frankfurt, Andreas Beier (who will also work in Stuttgart), Matthias Luck and Anke Werdecker will strengthen the strategic customers team. All three formerly worked together in a...