{
Nic Dreckmann

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Julius Baer reports significant profit increase and plans executive board reduction

Julius Baer reported a significant net profit increase of 125% to CHF 1.02 billion for 2024, rebounding from a challenging previous year marked by substantial write-downs. Assets under management rose to CHF 497 billion, bolstered by CHF 14.2 billion in new inflows, while the dividend per share remains unchanged at CHF 2.60. The Executive Board will be streamlined from 15 to five members, and a strategy update is expected before summer 2025.
Plattform J
Swiss Franc Julius Baer Gruppe AG CHE AUT René Benko Evie Kostakis Nic Dreckmann Christoph Hiestand Oliver Bartholet Romeo Lacher Stefan Bollinger Show more
Finance & Economy, Market Report
09:25 03.02.2025

big banks face scrutiny as annual results are set to be revealed

This week marks a pivotal moment for major Swiss banks, with Julius Bär, UBS, and Vontobel set to release their annual financial statements. Julius Bär aims to recover from past turmoil under new CEO Stefan Bollinger, while UBS is on track to meet its ambitious integration goals with Credit Suisse. Vontobel faces challenges in retaining institutional clients despite strong financial results and a cost-cutting initiative.
finews.ch
Swiss Franc United States Dollar Euro Vontobel Holding AG Daniel Bosshard Romeo Lacher Nic Dreckmann Stefan Bollinger Show more
Business & Industry, Market Report
11:19 02.02.2025

major banks face scrutiny as annual results are set to be revealed

UBS, Julius Baer, and Bank Vontobel are set to release their annual financial results this week, with heightened scrutiny on their 2024 figures. Julius Baer aims for a turnaround under new CEO Stefan Bollinger after a challenging period, while UBS is ahead in integrating Credit Suisse and expects strong results. Vontobel faces ongoing challenges with institutional client outflows despite solid financials and a cost-cutting initiative.
finews.ch
Swiss Franc United States Dollar Euro Vontobel Holding AG Julius Bär Gruppe AG Daniel Bosshard Romeo Lacher Nic Dreckmann Stefan Bollinger Show more
Business & Industry, Market Report
07:02 31.01.2025

romeo lacher steps down as chairman of julius baer in leadership change

Romeo Lacher will step down as Chairman of Julius Baer, not standing for re-election at the Annual General Meeting on April 10, 2025. This change coincides with Stefan Bollinger's recent appointment as CEO, marking a new chapter for the wealth manager. A successor is expected to be announced soon, with the search for external candidates already underway.
Moneycab
Swiss Franc Swiss National Bank Credit Suisse Real Estate Fund Siat Worldline SA SIX GROUP AG Julius Bär Gruppe AG FRA ESP CHE René Benko Nic Dreckmann Joe Biden Philipp Rickenbacher Romeo Lacher Stefan Bollinger Show more
Business & Industry, News Article
10:28 27.01.2025

julius baer faces upheaval as new chairman stefan bollinger takes charge

Panic is escalating at Julius Baer as new Chairman Stefan Bollinger prepares to overhaul the 15-member Executive Board, a structure criticized for its size compared to rivals like UBS and Pictet. The board, established under former CEO Philipp Rickenbacher, includes key figures like HR manager Guido Ruoss and interim CEO Nic Dreckmann, who have weathered recent controversies.
insideparadeplatz.ch
United States Dollar Pictet TR - Atlas Julius Baer Gruppe AG CHE USA Nic Dreckmann Philipp Rickenbacher Eva Kostakis-puhl Stefan Bollinger Guido Ruoss Show more
Finance & Economy, Market Report
07:59 10.01.2025

new ceo stefan bollinger faces cost challenges at julius baer bank

Stefan Bollinger begins his tenure as CEO of Bank Julius Baer amid rising costs and an oversized executive board, now comprising 15 members. With a cost/income ratio of 71%, Bollinger faces the challenge of streamlining operations to meet the bank's goal of reducing this figure below 64% by the end of 2025. The bank's recent history, marked by the Benko scandal, has left it with a market capitalization of 12 billion francs, similar to pre-scandal levels.
Tippinpoint.ch
United States Dollar Julius Baer Gruppe AG CHE Nic Dreckmann Beat Schmid Philipp Rickenbacher Stefan Bollinger Jimmy Kong Rahul Malhotra Show more
Finance & Economy, Market Report
06:57 09.01.2025

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.
insideparadeplatz.ch
Brazilian Real United States Dollar BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund The Goldman Sachs Group, Inc. Julius Bär Gruppe AG Raiffeisen-Osteuropa-Rent CHE BRA Nic Dreckmann André Esteves Stefan Bollinger Romeo Lacher Betty Sanchez Rolf Olmesdahl Richard Campbell Show more
Finance & Economy, Market Report
07:51 07.01.2025

julius baer appoints rolf olmesdahl as head of core banking program

Julius Baer has appointed Rolf Olmesdahl as the new Head of the Core Banking Program, effective Monday. With over forty years of experience in the financial IT sector, Olmesdahl will focus on overhauling the bank's core banking system in Switzerland and Guernsey, reporting directly to the COO. His previous roles include management positions at UBS, CS, Raiffeisen, and Zurich Insurance, with his most recent position at Credit Suisse.
finews.ch
United States Dollar CS. Barthoulot-Coaching SNC Julius Bär Gruppe AG Zurich Insurance Group AG Raiffeisen-Osteuropa-Rent Credit Suisse Real Estate Fund Siat CHE Nic Dreckmann Rolf Olmesdahl Show more
Finance & Economy, News Article
10:44 06.01.2025

Julius Baer appoints Rolf Olmesdahl as head of core banking program

Rolf Olmesdahl, a seasoned IT specialist with over 40 years of experience, has joined Julius Baer as Head of the Core Banking Program. He will oversee the renewal of the bank's core banking system for its booking centers in Switzerland and Guernsey, reporting directly to the COO. Olmesdahl previously held leadership roles at major Swiss banks, including UBS and Credit Suisse.
finews.com
United States Dollar Julius Bär Gruppe AG Zurich Insurance Group AG Raiffeisen-Osteuropa-Rent Credit Suisse Real Estate Fund Siat CHE Nic Dreckmann Rolf Olmesdahl Show more
Finance & Economy, News Article
10:44 06.01.2025

julius baer surprises with appointment of stefan bollinger as new ceo

Julius Baer has appointed Stefan Bollinger, a 50-year-old Swiss wealth manager and Co-Head of Private Wealth Management EMEA at Goldman Sachs, as its new CEO, effective January 9, 2025. His selection comes amid challenges following a costly debacle with investor René Benko, but Bollinger's clean slate and personable nature may help rebuild client trust. This unexpected choice echoes the bank's past success with Boris Collardi, who navigated significant challenges during his tenure.
finews.com
Swiss Franc MERRILL LYNCH MLCX SX6L INDEX Julius Bär Gruppe AG Credit Suisse High Yield Bond Fund, Inc. The Goldman Sachs Group, Inc. CHE René Benko Giorgio Pradelli Evie Kostakis Oswald Grübel Annabel Spring Ralph Hamers Boris Collardi Stefan Bollinger Philipp Rickenbacher Nic Dreckmann Show more
Finance & Economy, News Article
06:41 30.12.2024
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