Rothschild is hiring two U.K. ultra-high net worth specialists who have worked together for over ten years, first at Morgan Stanley's private bank and then at Credit Suisse.

The private bank said it has hired Hugh Billett, who will join immediately, and Ben Harrison, who begins on Monday. The two will be based in London and report to U.K. wealth management head Helen Watson.

«I have no doubt Hugh and Ben will make a significant contribution as we meet the increasing demand for our distinctive wealth preservation approach from ultra-high net worth clients and continue to grow the business,» Watson said in a statement.

At Credit Suisse, which the two joined just last year, Billett and Harrison were co-heads of the Swiss bank's family office and ultra-high net worth business, where they worked closely with the investment banking arm. They worked at Morgan Stanley for 14 years before that, with Billett beginning his career as a Scandinavia analyst and Harrison as an analyst on the Benelux desk.