Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, hired several private bankers from HSBC Holdings Plc to bolster its Latin American business, said three people with knowledge of the matter.
The bankers are based in Monaco and Switzerland, said one of the people, asking not to be identified because the matter is private. More may be hired in Monaco, one of Julius Baer’s European hubs serving Latin American clients, said another person. Officials at Julius Baer and HSBC declined to comment.
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