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Stéphane Herrmann, recently appointed Chief Operating Officer for the private clients division at Lombard Odier, faces scrutiny over his rapid ascent amid concerns about his past at Credit Suisse, where he was reportedly forced out due to behavioral issues. Critics argue that promoting him further is a misstep, especially following the bank's recent money laundering charges. Lombard Odier has not addressed these criticisms publicly.
Stefan Bollinger has been appointed as the new CEO of Julius Baer, succeeding Philipp Rickenbacher, who stepped down in February. Bollinger, previously co-head of private wealth management at Goldman Sachs, brings three decades of international experience in financial markets. His leadership aims to position Julius Baer as a leading private bank, focusing on sustainable growth and enhanced risk management.
Claudio De Sanctis
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Lombard Odier Promotes Stéphane Herrmann Amid Controversy and Criticism
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07:53 11.12.2024
Julius Baer Appoints Stefan Bollinger as New Chief Executive Officer
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05:02 07.11.2024
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