A Swiss bank has snapped up five ex-Barclays Wealth staff, including a Chartered Financial Planner, for its new Scotland office.

Julius Baer International has hired Paul Turnbull, who has over 17 years’ experience advising private clients, specialising in retirement, succession and tax planning. He joins following nine years at Barclays Wealth & Investment Management.

Julius Baer has hired five senior staff in total for its new office in Edinburgh, which will open in the second quarter this year.

Ross Clephane joins from Barclays Wealth where he spent 10 years as a private banker.

Alan Colquhoun also joins from Barclays Wealth, where he spent six years looking after a range of private clients including entrepreneurs, executives and professionals. Mr Colquhoun spent four years with Coutts and Co in London, as part of the International client group.

James Osborne, an experienced private banker with expertise in tax planning who was previously a director at Barclays Wealth & Investment Management, also joins.

Stuart Paterson, a director with 16 years of experience advising clients at Barclays Wealth, will specialise in serving entrepreneurs, high net worth individuals, families, trusts and companies.

Gordon Scott, who was recently announced as team head, responsible for Scotland, Northern Ireland and the North West of England, will head the new office.

David Durlacher, CEO, Julius Baer International, said: “The Scottish market has seen a marked increase in the number of business owners, entrepreneurs and individuals seeking wealth and investment management solutions.

“Establishing a presence in Scotland provides our clients with unrivalled local knowledge combined with a global perspective and a unique pure-play offering. This move represents the next step in our long-term commitment to serving and growing our presence in the UK and Irish markets.”

The bank recently opened new offices in Manchester, Leeds and Dublin and hired 20 new staff, including Calum Brewster as head of UK regional offices in January 2018.

Mr Brewster said: “We are delighted to establish a permanent presence in the Scottish market and to welcome this strong and experienced team to Julius Baer International. This new location and our investment in talent will enable greater numbers of clients to benefit from our pure-play approach.”