In the last few years, many financial institutions scaled back their research departments or did away with them completely. Zuercher Kantonalbank is one of the few Swiss banks that still provides broad-based equity research in-house.

Zuercher Kantonalbank (ZKB) is hiring Daniel Regli to cover companies in the financial sector, as well as Bernd Laux, who will become a senior analyst for technology and industry, it said in an emailed statement Tuesday.

Regli, who specializes in Swiss banks and financial stocks in the financial industry, is joining from Credit Suisse. He spent previous stints at Octavian, Mainfirst ZKB and GAM in roles such as product specialist and portfolio manager.

Laux, who most recently spent six years as head of investment research at Blackwall Capital, spent 18 years working as a senior research analyst for Kepler Chevreux.