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Saranac hires from Julius Baer as it gears for growth

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Saranac hires from Julius Baer as it gears for growth

Saranac Partners has hired a new client advisor as itseeks to strengthen its position in the market for ultra high net worth (UNHW) services.

Rupert Watkins joins the wealth firm – set up by ex-Barclays Wealth chief Tom Kalaris – from Julius Baer, where he managed relationships with non-dom clients and UHNW families across UK and Europe.

He brings ten years’ experience to the firm, having previously held roles in private banking at Credit Suisse and Barclays.

Saranac managing partner Tanvi Davda said: ‘Rupert brings a great deal of experience to the team and we are pleased to welcome him on board.

‘His proven ability to establish strong, long-term relationships with UK and EU-based clients will be invaluable as we continue to grow.’

The appointment comes after the wealth manager promoted former client team boss Davda to her new role earlier this month, and gave a boost to its growth ambitions with a £17.5 million fundraising over the summer.

Watkins (pictured) added: ‘The attraction of Saranac Partners is its unique proposition, offering an unrivalled level of service alongside world class specialisation.

‘I am excited to contribute to the fantastic work that the high-quality team is doing here.’

The funding round was led by existing investors such as Standard Life Aberdeen and investor Jim Mellon. 

A few months after the business launched in 2017 it raised £40 million from investors, including £25 million from Kalaris personally. At the time Aberdeen Asset Management had put in £3 million.

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