Julius Baer International has just hired three relationship managers to further grow its UK regional footprint.

The recruitment, which demonstrates what Baer says is its “long-term commitment” to the UK private client market, come at a time when industry talk is that the Zurich-based bank may be wielding an axe on costs in Britain.

Tracey Reddings, a senior private banker executive, recently left Baer UK in what gossip suggests was a move to cut overhead.

Baer itself has won plaudits for its expansion in Britain, particularly given the buildup of economic and financial gloom linked to the tortuous negotiat...