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Julius Baer, Barclays Bolster Wealth Enterprise with Ex-Credit Suisse Bankers

Switzerland’s Julius Baer and Britain’s Barclays have targeted Credit Suisse’s International Wealth Management enterprise, which in July saw the exit of its head Iqbal Khan, to hire a total of 14 bankers.

Barclays, which has set its eyes on hiring and expanding its private banking enterprise in Switzerland, declares six new Zurich employs on Tuesday, three of whom will help launch a brand new Israel desk out of the Swiss financial hub.

Four of the six, including new Israel desk head Amit Ben Sira, joined from Credit Suisse, their LinkedIn profiles and commercial register showed.

“We’ve been looking for the most effective talent in order to assist our growth ambition in Switzerland and grab the opportunities provided by a financial facility such as Zurich,” Barclays Swiss head, Gerald Mathieu, said.

Julius Baer, in the meantime, said in a statement it had hired ten former Credit Suisse wealth managers to improve its Portuguese enterprise out of Madrid, with José Maria do Cazal-Ribeiro becoming the market head for the nation.

Credit Suisse said its new Portugal workforce was in place and unchanged in size, reflecting its dedication to the market where it has developed firmly since launching a Lisbon branch in 2013.

Switzerland’s second-largest bank said its Israeli market area had further seen robust growth. “Credit score Suisse is committed to Israel and our Israeli clients and will proceed to grow and invest in this vital market,” a spokesperson said.

Credit Suisse confirmed the exits, which it said dated from before the summer.

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