Julius Baer sheds 400 jobs, downsizes executive board [Yahoo! Finance]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: Yahoo! Finance
Credit: Taljat David/Shutterstock. · Private Banker International · Taljat David/Shutterstock. GlobalData Tue, February 4, 2025 at 6:25 PM GMT+1 2 min read In This Article JBAXY Julius Baer has announced 400 job cuts and shrunk its executive board in a cost-cutting push under new CEO Stefan Bollinger. The impacted jobs constitute about 5% of the Swiss private bank's workforce. The company's executive board has now been trimmed from 15 to 5 members, as it eyes another CHF110m in cost savings. This new board includes Bollinger, chief operating officer (COO) and deputy CEO Nic Dreckmann, chief risk officer Oliver Bartholet, chief financial officer Evie Kostakis, and group general counsel Christoph Hiestand. The CEO will now directly oversee all
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