The move is part of JBI’s expansion plans and aim to support further growth in the Scottish market. In 2018, JBI opened its first office in Edinburgh as part of its commitment to offer a service to clients in Scotland. The Glasgow office will undertake investment advisory, and wealth planning advisory activities, as well as client relationship management activities.

With regards to the firm’s broader regional presence in the UK, JBI is also planning to move into a bigger office in Leeds during the course of the first quarter of 2025. The new office will be at Globe Point in the Temple district of Leeds. Both offices are also a reflection of JBI’s sustainability commitments.

In October last year, Julius Baer International (JBI) opened an office in Newcastle to serve clients in the North East. That new office followed UBS’s recent expansion into the North East, along with a number of other large European banks and wealth managers who are investing in a regional presence.

Such moves suggest that, despite the shift towards hybrid working and using two-way video channels for communicating, firms believe that they must have a "boots-on-the-ground" presence in the UK regions.