Credit Suisse Group recently recruited two teams of relationship managers from UBS AG's private wealth management group, including two Dallas-based managers who had more than $6.2 million in production over the past year.

The addition of the teams comes after Walter Berchtold, chief executive of Credit Suisse's private banking unit, recently said the Swiss bank plans to hire 1,000 or more relationship managers globally over the next three years. The news was first reported by the Singapore Business Times.