Julius Baer Group Ltd. last month brought in Stefan Bollinger to draw a line under painful losses caused by loans to a collapsed real estate conglomerate. But it was that past that ruined the new chief executive officer’s presentation of his first strategic moves.

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 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 Group Ltd shares dropped more than 10% after the Swiss wealth manager announced job cuts and a governance revamp but left analysts waiting for a more detailed plan to boost growth. Most Re

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,

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.

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.