UBS has appointed a team of seven people from Credit Suisse for its wealth management business with Turkish clients, composed of four client advisors and three assistants.

The names of the persons were not identified in an article by Bloomberg although UBS confirmed the story as accurate. They will be based in Zurich and start their jobs later this year. UBS was unable to name the persons when queried by WealthBriefing.

They will report to Beat Frey, head of UBS’s Turkey desk.

Turkey is seen in some quarters as an up-and-coming wealth management market. To view a recent article about the country, click here.