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.
Julius Baer said the board will start "an evaluation process for the long-term leadership of the group". The…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements
Lloyds bank says quarterly profits sink on higher costs
US seeks 36 months’ jail for Binance founder Zhao
Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading
PBOC steps up rhetoric against long-end government bond rally