Julius Baer CEO quits in surprise departure to join rival Pictet
Zurich
BORIS Collardi unexpectedly resigned as chief executive officer of Julius Baer Group Ltd to become a partner at rival Pictet & Cie Group SCA, triggering the search for a long-term successor. He will be replaced for now by deputy CEO Bernhard Hodler.
Mr Collardi, 43, will join closely-held Pictet as co-head of its global wealth management group as of mid-2018, the Zurich-based bank and Pictet said in separate statements on Monday.
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