Wealth advisers invariably say they put client concerns at the top of their agenda. But it would appear they did not count for much in the dispute between private bankers’ loyalties to UBS Wealth Management in London and newly-launched Vestra Wealth.

Yesterday, a UK high court judge ruled in favour of UBS in a dispute with Vestra over staff and client poaching. The judge said UBS was entitled to a so-called "springboard injunction" on the grounds Vestra deliberately solicited clients and staff away from the Swiss bank, and that senior ex-UBS staff breached their duty of fidelity.