Edmond de Rothschild has hired two Italian private bankers from UBS as part of its plan to grow its business in Italy, The Wealth Bulletin reports.
A report in the daily Milano Finanza said Fabio Mezzina and Sergio Monforte, client advisers at UBS, are the latest hires for Edmond de Rothschild in Italy.
The hires brings the number of private bankers at Edmond de Rothschilds business in Italy to nine, says the report.
The report adds that further hires are planned in the Italian market, which the bank sees as an important in its European wealth management operations.
Edmond de Rothschild is believed to have hired five private bankers from UBS in Geneva earlier this month.