Citi Private Bank snagged a wealth management executive from rival UBS in Toronto on Tuesday, announcing that Susanne Alexandor will join the bank as director and private banker.

In her new role she will report to Robert McGuire, Canada regional executive for Citi Private Bank.

Most recently, Ms Alexandor was senior portfolio manager and investment strategist with UBS in Toronto. Prior to joining UBS, she spent several years in economic research and institutional asset management with Deutsche Bank. 

“Welcoming Susanne to our expanding business in Canada once again shows our deep commitment to recruiting the best private banking talent in the industry as we continue to grow throughout North America,” said Peter Charrington, CEO of Citi Private Bank in North America, in a statement.