Parliament is currently debating the 2025 budget, with CHF 86 billion in planned expenditures, including increased funding for the army. In sports, Mikaela Shiffrin faces an uncertain return after a serious injury, while René Benko has an arrest warrant issued in Italy for real estate fraud. South Korean President Yoon Suk-yeol has declared martial law amid political tensions.
Stefan Bollinger has been appointed as the new CEO of Julius Baer, set to take over on January 9, 2025. He joins from Goldman Sachs, where he was Co-Head of Private Wealth Management EMEA, bringing extensive international experience from his 20 years at the firm and previous roles at J.P. Morgan. Bollinger succeeds Philipp Rickenbacher, who resigned in February following significant losses linked to credit exposure in the Signa Group.
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