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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.
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.
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.
Rolf Olmesdahl, previously a key figure in Raiffeisen Switzerland's management, is being considered for the CEO position following the departure of Heinz Huber after an IT crisis. With a background in computer science and significant experience in banking, including a successful tenure at UBS, Olmesdahl has been instrumental in IT transformations and is currently overseeing the integration of Old CS Switzerland into New UBS.
Raiffeisen is facing a potential write-off of 500 million due to failed IT projects, including the costly replacement of the Finfox investment solution and a new e-banking system, each exceeding 100 million without delivering results. Despite promises of an agile transformation, the bank has fallen behind competitors, with CEO Heinz Huber involved in the decision-making process. A review in summer 2024 revealed the need for adjustments in project durations and scopes.
Rolf Olmesdahl, a prominent IT expert in banking, recently returned to UBS to lead the integration of Credit Suisse following its historic takeover. However, reports suggest he is no longer in his position, raising questions about the timing as UBS begins migrating CS data, with significant milestones ahead in 2025.
Rolf Olmesdahl
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