Julius Baer in German expansion

Julius Baer has expanded its German private banking presence, with new staff and offices

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The bank has also appointed Heiko Schlag as head of private banking for the German private banking business.

Schlag, who has also joined the management board, has 19 years experience in German private banking, all of which were spent at HypoVereinsbank AG in a variety of roles.

Julius Baer said the new hires took its total number of German staff to around 100, based in Frankfurt, Hamburg, Stuttgart, Munich and Düsseldorf and the new offices in Kiel and Würzburg.

Gian Rossi, chairman of the supervisory board of Bank Julius Bär Europe AG, said: “The strengthening of our team has laid the structural foundations for the continuation of our successful growth in Germany, which represents the Julius Baer Group’s most important European market outside Switzerland.”

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