UK-based wealth manager Julius Baer International (JBI) has opened a new office in Newcastle and made three new hires.
The firm, which is part of the Julius Baer Group, has hired two new relationship managers, Aidan Dunstan and Alison Lander as well as assistant relationship manager, Stacey Kirby, who all join from UBS.
Dunstan has more than 30 years’ experience in wealth management, working with families, business owners and entrepreneurs in the region.
Lander has over 30 years’ private-banking experience in Newcastle and Kirby has worked with high-net-worth clients in Newcastle for 20 years.
They will join the existing North East team of Simon Patterson and Chris Shearsmith.
The Newcastle office is JBI’s sixth in the UK, adding to its others in London, Edinburgh, Belfast, Leeds and Manchester.
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David Durlacher chief executive, commented: “While we have had a presence in the North East for over five years, the opening of our new office is a clear signal of our commitment to the region and the UK.
“The North East is a fast-growing and vibrant location for innovation and inward investment, which is one of the key reasons why we have seen an increase in the number of business owners, entrepreneurs and individuals seeking wealth-management and investment expertise.
“Opening an office here provides our clients with unrivalled local knowledge, combined with global insight. Even in a challenging economic environment, we continue to be committed to growing our presence across the UK.”
He added: “The business has a clear mission to invest across the UK and hire the best talent to provide a market-leading service for our clients.
“Aidan, Alison and Stacey all bring extensive local knowledge and experience of the private-banking and wealth-management market in the North East.”
JBI client assets stood at £19.2bn at the end of 2022.
