UBS Group’s smaller Swiss rivals have been on a hiring spree for former Credit Suisse employees, hoping to take a bigger slice of the wealth-management market. Credit Suisse’s downfall and its subsequent rescue deal by UBS last year created a potential opportunity for the likes of Julius Baer Gruppe, EFG International and Vontobel Holding to poach advisors and the assets they managed. As a result, competition in the Swiss wealth-management market looks set to intensify this year, with UBS trying to win back clients and Swiss private banks looking to reap the benefits of their extensive hiring.