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 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 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.
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 Steps Up Action Against Julius Baer on Benko
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.
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 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 ...
Julius Baer stock has worst day in a decade as results disappoint
By Ariane Luthi ZURICH (Reuters) -Swiss bank Julius Baer shares plunged on Monday after new Chief Executive Stefan ...
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Julius Baer Rebounds After Doubling Profit in 2024
One year after its annual profit halved, Swiss private bank Julius Baer has staged a rebound by doubling its bottom line in ...
Presentation of the 2024 full-year results for the Julius Baer Group
Julius Baer will present a strategy update, including new medium-term targets, ahead of summer 2025. More details, including exact timing and venue, are expected to be communicated together with the ...
Julius Baer Plunges as Bank Announces Cuts But No Strategy Plan
Julius Baer Group Ltd shares dropped more than 10% after the Swiss wealth manager announced job cuts and a governance revamp ...