Swiss boutique bank Privatbank has hired a team of four client advisers from Credit Suisse, thewealthnet understands.

The team is led by Raimondo Morandi, who previously worked for Credit Suisse for 24 years leading a department in Lugano.

Manlio Mattia Riberti, Daniele Ghirlanda, Monica Liberatore have also left Credit Suisse for private bank PKB.

Mr Riberti - whose job is listed as senior relationship manager, PKB Privatbank on...