Julius Baer finance chief to step down

Julius Baer Group’s concern main Evie Kostakis volition measurement down aft a modulation play successful the 2nd fractional of the year, arsenic she moves connected to different planetary enactment post.

The Swiss slope said it is moving connected succession plans and volition sanction a replacement later.

Kostakis is acceptable to enactment until the extremity of 2026 to enactment the handover to her successor.

Julius Baer CEO Stefan Bollinger said: “I americium grateful for Evie’s enactment and unwavering dedication to our organisation. Over her 13 years astatine Julius Baer, the past six of which arsenic lawman CFO and, since 2022, radical CFO, she has been instrumental successful driving our strategical footprint optimisation, improving our operational efficiency, strengthening our capitalist base, diversifying our backing profile, spearheading exertion translation successful the Finance area, and gathering a best-in-class Finance organisation. Evie’s steadfast enactment has been important successful re-positioning Julius Baer for semipermanent success.”

The alteration comes against the backdrop of broader absorption turnover and continuing fallout from losses linked to Signa.

The bank’s difficulties began to aboveground successful precocious 2023 aft the illness of Rene Benko’s Signa group.

In aboriginal 2024, Julius Baer reported indebtedness losses of SFr586m ($742m).

Julius Baer is inactive taxable to an enforcement appraisal by Swiss regulator FINMA implicit those losses, a process that prevents the slope from announcing caller stock buybacks.

Around the clip it disclosed the writedown, the radical removed main enforcement Philipp Rickenbacher. He was succeeded by Stefan Bollinger, formerly of Goldman Sachs, who took up the relation successful January 2025.

Chairman Romeo Lacher besides left, with his departure announced a fewer weeks aft Bollinger’s arrival. Noel Quinn, the erstwhile caput of HSBC, was named arsenic the caller chairman.

In May 2025, the slope said main hazard serviceman Oliver Bartholet would retire, portion besides reporting a SFr130m recognition complaint pursuing a reappraisal of its recognition book.

In November, Julius Baer disclosed different SFr149m successful losses, reflecting writedowns connected existent property indebtedness positions that it said were nary longer aligned with strategy.

Last month, the radical besides said Olga Zoutendijk would not question re-election to the committee astatine the yearly wide gathering connected 9 April 2026 and would permission astatine that point.

Julius Baer added that it intends to enactment guardant Urban Angehrn and Colin Bell for predetermination to the committee astatine the 2026 AGM.

"Julius Baer concern main to measurement down " was primitively created and published by Private Banker International, a GlobalData owned brand.

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