Banks Julius Baer appoints Stefan Bollinger as new CEO

SDA

23.7.2024 - 07:05

After months of searching, Bank Julius Baer has found a new CEO. Stefan Bollinger will take over from Philipp Rickenbacher, who resigned in February following a massive write-down on loans to the Signa Group.

Bollinger will take over the position of Julius Baer Group CEO by the beginning of February 2025 at the latest. The Zurich-based wealth management bank is currently being managed by Nic Dreckmann as CEO ad interim. Dreckmann will now lead the Group until Bollinger takes over and will then remain a member of the Executive Board.

The new Group CEO is a partner at Goldman Sachs and has been Co-Head Private Wealth Management Europe, Middle East and Africa at the US investment bank since 2019. Born in 1974, the Swiss national began his career at Zürcher Kantonalbank.

His predecessor Philipp Rickenbacher announced his resignation at the beginning of February when presenting the 2023 annual results. In doing so, he drew the consequences of his bank's lending to Austrian investor René Benko's troubled real estate group Signa. At the time, the Board of Directors had made it clear that an external person would be sought to succeed Rickenbacher.