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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.
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