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julius baer set to appoint noel quinn as new chairman
Julius Baer is reportedly close to appointing former HSBC CEO Noel Quinn as its next chairman, following the resignation of Romeo Lacher amid a management overhaul after significant losses linked to the collapsed Signa property group. New CEO Stefan Bollinger announced plans to reduce the workforce by about 5%, as the bank's 2024 pretax profit fell short of expectations. Quinn, who led HSBC for five years, oversaw major asset sales and navigated challenges during the pandemic before leaving in April 2022.
Barclays proposes significant pay cut for CEO CS Venkatakrishnan
Barclays is set to reduce CEO CS Venkatakrishnan's fixed pay, capping his maximum earnings at over £14 million ($17.3 million), as reported by Sky News. The decision reflects ongoing adjustments within the bank amid changing market conditions and regulatory environments.
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