Swiss bank Julius Baer to cut workforce by 5% in shake-up under new CEO
By Ariane Luthi ZURICH (Reuters) -Swiss bank Julius Baer plans to cut its workforce by about 5% under new chief executive Stefan Bollinger and is reducing the size of its executive board as it reorganises after heavy losses from exposure to failed property group Signa.
Julius Baer’s new CEO culls board jobs, signals more job cuts on the way
Julius Baer had reportedly discussed reducing its workforce by 10% or less. The bank had about 7,400 employees at the end of 2023.
Julius Baer’s New CEO Cuts Executive Board to Just Five Members
Zurich-based private bank Julius Baer is refocusing on efficiency as it manages record-high client assets in 2024. To address ongoing cost pressures, new CEO Stefan Bollinger has streamlined the executive board,
Julius Baer plans job cuts under new CEO, source says
Swiss bank Julius Baer plans to make hundreds of job cuts and slim down its executive board under new CEO Stefan Bollinger, a source familiar with the matter said on Tuesday.
Julius Baer announces 400 job cuts, executive board revamp
JULIUS Baer Group’s new chief executive officer Stefan Bollinger announced a radical revamp of the bank’s leadership and a cost-cutting drive that will claim hundreds of jobs at the Swiss wealth manager.
Julius Baer CEO Stefan Bollinger Launches Aggressive Cost-Cutting Drive
Despite strong asset growth in 2024, Julius Baer is taking decisive action to tackle rising costs. Under CEO Stefan Bollinger, the private bank is streamlining leadership, cutting jobs, and expanding its savings program.
Swiss banking giant Julius Baer to lay-off nearly 400 employees
Swiss banking giant Julius Baer has announced plans to cut its workforce by around 5%. The layoff is as part of a cost-saving strategy launched by the new CEO, Stefan Bollinger. The decision comes after the bank suffered significant financial losses due to its involvement with the now-defunct property group Signa.
Swiss watchdog starts enforcement action against Julius Baer
Switzerland’s financial regulator has opened enforcement proceedings against Julius Baer, the latest hit to the Swiss wealth manager from its exposure to failed property group Signa. Finma said on Monday that it had notified Julius Baer of the “opening of proceedings” following “lengthy and rigorous investigations”,
Swiss Regulator Opens Proceedings Against Julius Baer
Swiss financial regulator Finma said it had opened an enforcement procedure against Julius Baer Group Ltd., stepping up action against the bank over risk failures linked to the collapse of the Signa real estate empire.
Julius Baer Shares Fall After Hundreds of Job Cuts Envisioned In Savings Push
The wealth manager’s shares fell after it said it envisions cutting around 400 positions, extending its cost-saving program.
Julius Baer, Siam Commerical JV appoints Adrian Mazenauer As CEO
SCB Julius Baer on Tuesday said it has appointed Adrian Mazenauer, currently the head of its wealth management business in ...
Julius Baer CEO’s First Strategy Moves Marred by Benko Hangover
Julius Baer Group Ltd. last month brought in Stefan Bollinger to draw a line under painful losses caused by loans to a ...
RYT95h
Adrian Mazenauer appointed as CEO of SCB Julius Baer
SCB Julius Baer, the strategic wealth management joint venture between Siam Commercial Bank and Julius Baer, has appointed ...
‘Boots on the ground’ - Julius Baer International's CEO on the wealth manager’s push into Glasgow
We reached a point in our development that justifies having two locations for us in Scotland” – David Durlacher ...
Julius Baer, Siam Commercial JV appoints Adrian Mazenauer as CEO
SCB Julius Baer on Tuesday said it has appointed Adrian Mazenauer, currently the head of its wealth management business in ...
privatebankerinternational6d
Julius Baer chairman to step down
Swiss private bank Julius Baer’s chairman of the board of directors, Romeo Lacher, has decided not to seek re-election.
Julius Bär plant Stellenabbau, kleinere Geschäftsleitung: Kreise
Im Rahmen der Kostensenkungsmaßnahmen des neuen CEO Stefan Bollinger will Julius Bär in den nächsten zwei Jahren dem ...