{
Stefan Bollinger

People

}
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Swiss banks face significant job cuts amid financial restructuring challenges

Swiss banks face significant job cuts as they announce annual results for 2024. Julius Baer has already revealed 400 layoffs, while UBS is set to cut around 3,000 jobs due to the integration of Credit Suisse. Employees express exhaustion and uncertainty amid restructuring, despite UBS projecting a profit exceeding four billion dollars for the year.
Blick
United States Dollar Zürcher Kantonalbank Vontobel Holding AG Julius Bär Gruppe AG CHE Daniel Bosshard Natalia Ferrara Stefan Bollinger Show more
Business & Industry, News Article
11:34 03.02.2025

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

job cuts loom as swiss banks report challenging annual results

Swiss banks, including Julius Baer and UBS, are set to announce their annual results for 2024, with job cuts anticipated, particularly at Julius Baer due to high costs. UBS is expected to eliminate around 3,000 positions as it integrates Credit Suisse, leaving employees in a state of uncertainty and exhaustion. The financial sector faces challenges as it navigates the aftermath of the CS demise, with questions about the effectiveness of new client advisors and the potential for further layoffs.
Blick
United States Dollar Zürcher Kantonalbank Vontobel Holding AG Julius Bär Gruppe AG CHE Daniel Bosshard Natalia Ferrara Stefan Bollinger Show more
Business & Industry, News Article
00:02 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

european banks announce significant job cuts amid profit struggles and competition

Europe's banks are initiating significant job cuts as they face a challenging economic landscape, with Deutsche Bank and HSBC leading the charge. The moves aim to enhance profitability amid stagnant growth and increased competition from US banks, which are thriving under a pro-business administration. While some banks plan to raise bonuses, the overall trend indicates a shift in focus towards more profitable regions, particularly Asia and the Middle East.
fortune.com
Hong Kong Dollar Chinese Yuan United States Dollar Euro JPMorgan Chase & Co. UBS Group AG BNP Paribas SA Julius Bär Gruppe AG Credit Suisse High Yield Bond Fund, Inc. The Goldman Sachs Group Inc HSBC Holdings plc Deutsche Bank AG Barclays PLC USA DEU HKG ARE CHE CHN GBR John Cronin Jeremy Barnum Stefan Bollinger Christian Sewing Sergio Ermotti David M. Solomon Alex Marshall Georges Elhedery Michael Roberts Show more
Business & Industry, News Article
10:55 31.01.2025

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

julius baer faces turmoil as new ceo confronts systemic banking issues

Julius Baer, once a stable alternative in Swiss banking, faces severe turmoil under new CEO Stefan Bollinger, who inherits a legacy of scandals and a 10% workforce cut that fails to address deeper systemic issues. The bank grapples with legal threats from Georgian billionaire Bidzina Ivanishvili and ongoing regulatory scrutiny, raising concerns about its governance and risk management culture. As Switzerland's banking reputation hangs in the balance, Bollinger must act swiftly to restore trust and profitability amid a backdrop of aggressive growth strategies gone awry.
Dimsum Daily
Swiss Franc United States Dollar Brazilian Real Credit Suisse High Yield Bond Fund, Inc. The Goldman Sachs Group, Inc. Julius Bär Gruppe AG CHE Romeo Lacher Boris Collardi Stefan Bollinger Bidzina Ivanishvili Show more
Business & Industry, News Article
04:22 30.01.2025

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

ubs poised for growth amid regulatory challenges and market potential

UBS aims for a CET1 return of around 15% by 2027, despite market skepticism over potential capital requirements from Finma. The bank has significant improvement potential in U.S. wealth management, where it lags behind competitors like Morgan Stanley, and seeks a full license to expand its offerings. UBS's current market value-to-equity ratio is just over one, indicating substantial valuation potential compared to U.S. mega-banks, which trade at twice their equity.
Allnews
Swiss Franc United States Dollar Euro Credit Suisse Group JPMorgan Chase & Co. Morgan Stanley Julius Bär Gruppe AG EFG International AG USA CHE Axel Weber Andreas Venditti Colm Kelleher Donald Trump Stefan Bollinger Show more
Finance & Economy, Market Report
07:00 21.01.2025

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
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