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’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’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.
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 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 ...
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 ...
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.
Signa-Nachspiel: Gegen Julius Bär läuft Enforcement-Verfahren
Im Nachgang der Belastungen, die Julius Bär im Zuge der Signa-Pleite zu schultern hatte, steht die Bank nun im Fokus eines ...
‘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 ...
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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 ...
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 Posts Higher Earnings After Surge in Managed Assets, Inflows
Julius Baer posted an increase in earnings after the wealth manager drew in more money and managed assets in 2024. The Swiss ...