The business, part of the Zurich-listed private banking group, continues to build a regional presence in the UK. The strategy also speaks to a "boots-on-the-ground" presence that private banks continue to pursue, despite a shift towards hybrid working and the use of two-way video channels for communications.

Julius Baer International (JBI), a UK-based wealth manager which forms part of the Julius Baer Group, has just announced a regional expansion. In December, in addition to its existing presence in Edinburgh, it will be opening a new office in Glasgow, underscoring JBI’s commitment to offering a bespoke service to clients based in Scotland. The office will be located at 1 West Regent Street, Glasgow G2 1RW. 

The move is part of JBI’s expansion plans and aim to support further growth in the Scottish market. In 2018, JBI opened its first office in Edinburgh as part of its commitment to offer a service to clients in Scotland. The Glasgow office will undertake investment advisory, and wealth planning advisory activities, as well as client relationship management activities.

With regards to the firm’s broader regional presence in the UK, JBI is also planning to move into a bigger office in Leeds during the course of the first quarter of 2025. The new office will be at Globe Point in the Temple district of Leeds. Both offices are also a reflection of JBI’s sustainability commitments.

In October last year, Julius Baer International (JBI) opened an office in Newcastle to serve clients in the North East. That new office followed UBS’s recent expansion into the North East, along with a number of other large European banks and wealth managers who are investing in a regional presence.

Such moves suggest that, despite the shift towards hybrid working and using two-way video channels for communicating, firms believe that they must have a "boots-on-the-ground" presence in the UK regions.