Julius Baer International, a UK asset management subsidiary of the Swiss private bank, has promoted two staff and hired a third into its most senior positions as the chief executive steps aside, 16 months after taking on the role.

Julius Baer International, which caters to UK and international private clients, said Daniel Gerber has taken over as chief executive while Charlotte Vilén has become his deputy and Stuart Bates has joined from Credit Suisse as chief operating officer.