Zurich-based wealth manager Bellecapital has hired Deutsche Bank private banker Nicolas Patsalos to bolster its UK operations.
The company has appointed Patsalos as a senior investment manager and client adviser.
Prior to joining the firm he spent six years at Deutsche Bank managing assets for UK resident domiciled, non-domiciled and European clients.
In 2016 Bellecapital bought the UK regulated entity Williams de Broë Private Investment Management for an undisclosed sum to facilitate the straightforward transfer of the client book.
Commenting on the new hire Mark Eberle, co-founder of Bellecapital, said:
'We are committed to growing our UK client business and welcome Nicolas. The UK and pan-European market is growing again and we are pleased to be expanding our business with professionals who are passionate about investment and client service.'
Bellecapital was launched in Zurich in 2009 and the UK division was set up in 2015.
The combined business has $3.1 billion in assets under management.