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former bsi ceo hanspeter brunner releases book on 1mdb scandal
Hanspeter Brunner, former Asia CEO of BSI, has released a book titled "The Art of Greed: A Novel of the Rise and Fall of the Asian Great Gatsby," detailing the 1MDB scandal. Despite being embroiled in the controversy and temporarily arrested, he faced no charges, while three former BSI bankers were sentenced for their roles in the scandal. Brunner's fictional retelling explores the life of Jho Low, the mastermind behind the fraud, highlighting themes of greed and manipulation within a glamorous yet perilous world.
andre esteves acquires julius baer brazil in swift financial deal
André Esteves has acquired Julius Baer Brazil, marking his third purchase of a Swiss financial institution. The deal comes as Julius Baer sought to stabilize its operations amid client withdrawals, with BTG Pactual purchasing the Brazilian business for approximately $100 million.
julius baer appoints new ceo as btg pactual eyes brazil acquisition
Stefan Bollinger is set to take over as CEO of Julius Baer, succeeding interim head Nic Dreckmann. In a significant move, BTG Pactual has been chosen as the preferred buyer for Baer's Brazilian operations, with André Esteves, a former UBS executive, leading the charge. Meanwhile, Rolf Olmesdahl is brought in to address IT challenges at Baer, as the bank faces critical weeks ahead with potential leadership changes in its Board of Directors.
julius baer to sell brazil wealth management business to btg pactual
Julius Baer is divesting its wealth management business in Brazil, announcing the sale to Brazilian investment bank BTG Pactual. The bank plans to submit a purchase offer this week, valuing the Brazilian unit at approximately 1 billion Brazilian real, or around 150 million Swiss francs.
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