The Swiss private banking house Bank Sarasin has hired two private bankers to join its Trading Family Offices division, aiming to help grow the business in the UK and the Middle East.

Nicolas Homann and Kilian Jay van Seldeneck will join the unit, which provides advisory services for family offices and external asset managers.

Both Homann and Seldeneck were latterly at UBS Wealth Management, where the former was responsible for the UK intermediary business and the latter worked in the Middle East intermediary business.

In their new roles, both will be based in Zurich, reporting to Mike Jent, head of external asset managers.

The hires are said to represent the bank’s desire to expand the geographical reach of its external asset manager business.