Julius Baer, the Swiss private banking group, has added Stewart Edginton to its portfolio management unit in London as team head of discretionary specialists.

Julius Baer, the Swiss private banking group, has added Stewart Edginton to its portfolio management unit in London as team head of discretionary specialists.

In his new function Edginton will head up a team of twelve employees serving wealthy clients through portfolio management.

Edginton started his career as portfolio manager at Singer and Friedlander before moving to Merrill Lynch Portfolio Managers where he served private clients. In 2008 he moved to Zurich to set up and run a family office, before returning to the UK to join Julius Baer at the beginning of 2014.

“We are pleased that Stewart has re-joined the team after 5 years abroad, in this exciting phase of our development. He brings to Julius Baer broad experience of catering to the needs of private clients,” said Edward Raymond, head of portfolio management UK, when commenting on the appointment.

In related news, Julius Baer yesterday announced its 2013 financial results, which revealed that its assets under management rose 34 per cent year-on-year to SFr254 billion ($280.5 billion). The firm is currently integrating Merrill Lynch’s international wealth management business outside the US, which it purchased earlier this year. This will increase the Zurich-headquartered group’s presence to more than 25 countries and 50 locations. Read more on that story, here.