Switzerland's Julius Baer is to open a branch in St Gallen this autumn to strengthen the bank's position in its important Swiss home market.

Julius Baer says the border region between Germany, Austria and Switzerland has a very dynamic economy, while first-class international transport connections, compelling investment opportunities and an excellent education system make the area attractive to wealthy private individuals and entrepreneurs.
 
Gian Rossi, chief executive of German-speaking Switzerland, Germany and Austria at Bank Julius Baer said: "St. Gallen is an important location for Bank Julius Baer. The business and research-friendly environment offers great potential for wealth managers. We are very pleased that we will be able to offer our services directly to clients in St. Gallen by the end of this year."
 
The new branch will be managed by Andreas Bauer who was previously a relationship manager in the private banking business of Credit Suisse in St Gallen and also spent time in industry and the consulting sector, as well as lecturing in financial planning and business management.

Mr Bauer will be joined by Marcel Wild and Michael Eicher who both join from Credit Suisse.