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 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 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’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,
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.
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 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.
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 but left analysts waiting for a more detailed plan to boost growth. Most Re
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.
SCB Julius Baer names CEO
SCB Julius Baer, a strategic wealth management joint venture between Siam Commercial Bank and Swiss wealth management firm Julius Baer, has named Adrian Mazenauer as its CEO, starting immediately. Mazenauer,
Deutsche Bank cuts Julius Baer price target to CHF63 from CHF68
Deutsche Bank (ETR:DBKGn)'s analyst Benjamin Goy adjusted the price target for Julius Baer Group Ltd . (BAER:SW) (OTC: OTC:JBAXY), reducing it from CHF68.00 to CHF63.00 while maintaining a "Buy" rating on the stock.
Julius Baer sheds 400 jobs, downsizes executive board
The company’s executive board has now been trimmed from 15 to 5 members, as the bank eyes another CHF110m in cost savings.
Julius Baer stock has worst day in a decade as results disappoint
Swiss bank Julius Baer shares plunged on Monday after new Chief Executive Stefan Bollinger's plans to cut its workforce by ...
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 ...