The Swiss private bank has recruited from a rival, expanding its foreign exchange private banking team.

Julius Baer, Switzerland's third-largest wealth manager, has appointed Laura Hilber as director of its foreign exchange private banking solutions team, this publication can confirm.

Hilber joins from UBS Investment Bank, where she spent the best part of four years working within the foreign exchange sales trading division.

Most recently, she was director of UBS's foreign exchange, rates and credit division, according to her LinkedIn profile.

Prior to her stint at UBS, Hilber spent three years with Credit Suisse while completing her university degree.

Last month, Julius Baer made three appointments to its international arm.

WealthBriefing is awaiting more information on this appointment and will update accordingly.