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Unbowed by Brexit, Swiss Bank Seeks Clients in ‘Red Hot’ North

  • Julius Baer staffs up to poach clients in Leeds, Manchester
  • Cheap pound helps northern entrepreneurs, U.K. chief says
The logo of Julius Baer Group Ltd. sits illuminated at the headquarters of Switzerland's third-largest wealth manager in Zurich, Switzerland, on Monday, July 21, 2014. Zurich-based Credit Suisse Group AG posted higher-than-forecast earnings at the investment bank and lower profit in wealth management even as it attracted more net new money from rich clients than analysts had estimated.
Photographer: Matthew Lloyd

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The offices of Julius Baer Group Ltd. in Leeds are just down the hall from a travel agency, overlooking train platforms. It’s a noisy, cluttered corner of this northern English city, with buses disgorging passengers at the station entrance and pubs serving up burger-and-a-pint specials. This isn’t exactly the place where you’d expect to find a 128-year-old Swiss bank that caters to the ultra-rich.