Julius Baer sheds 400 jobs, downsizes executive board
The company’s executive board has now been trimmed from 15 to 5 members, as the bank eyes another CHF110m in cost savings.
Julius Baer’s new CEO culls board jobs, signals more job cuts on the way
Julius Baer had reportedly discussed reducing its workforce by 10% or less. The bank had about 7,400 employees at the end of 2023.
The Bank Employees' Association criticizes «clear-cutting» at Julius Baer
The planned job cuts at Julius Baer have outraged the Swiss Bank Employees' Association (SBPV). In addition to the scale of the job reductions, the organization particularly criticizes the excessive haste and the lack of collaboration with social partners.
Swiss banking giant Julius Baer to lay-off nearly 400 employees
Swiss banking giant Julius Baer has announced plans to cut its workforce by around 5%. The layoff is as part of a cost-saving strategy launched by the new CEO, Stefan Bollinger. The decision comes after the bank suffered significant financial losses due to its involvement with the now-defunct property group Signa.
Julius Baer announces 400 job cuts, executive board revamp
JULIUS Baer Group’s new chief executive officer Stefan Bollinger announced a radical revamp of the bank’s leadership and a cost-cutting drive that will claim hundreds of jobs at the Swiss wealth manager.
Swiss bank Julius Baer to cut workforce by 5% in shake-up under new CEO
By Ariane Luthi ZURICH (Reuters) -Swiss bank Julius Baer plans to cut its workforce by about 5% under new chief executive Stefan Bollinger and is reducing the size of its executive board as it reorganises after heavy losses from exposure to failed property group Signa.
Julius Baer Shares Fall After Hundreds of Job Cuts Envisioned In Savings Push
The wealth manager’s shares fell after it said it envisions cutting around 400 positions, extending its cost-saving program.
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SCB Julius Baer names CEO
SCB Julius Baer, a strategic wealth management joint venture between Siam Commercial Bank and Swiss wealth management firm ...
Julius Baer, Siam Commerical JV appoints Adrian Mazenauer as CEO
SCB Julius Baer on Tuesday said it has appointed Adrian Mazenauer, currently the head of its wealth management business in ...
Swiss watchdog starts enforcement action against Julius Baer
Switzerland’s financial regulator has opened enforcement proceedings against Julius Baer, the latest hit to the Swiss wealth manager from its exposure to failed property group Signa.
Julius Baer price target lowered to CHF 65 from CHF 70 at RBC Capital
RBC Capital lowered the firm’s price target on Julius Baer (JBAXY) to CHF 65 from CHF 70 and keeps an Outperform rating on the shares.Maximize ...
Signa-Nachspiel: Gegen Julius Bär läuft Enforcement-Verfahren
Im Nachgang der Belastungen, die Julius Bär im Zuge der Signa-Pleite zu schultern hatte, steht die Bank nun im Fokus eines ...
Julius Baer stock has worst day in a decade as results disappoint
Swiss bank Julius Baer shares plunged on Monday after new Chief Executive Stefan Bollinger's plans to cut its workforce by ...
Julius Baer price target lowered to CHF 66 from CHF 68 at JPMorgan
JPMorgan analyst Amit Ranjan lowered the firm’s price target on Julius Baer (JBAXY) to CHF 66 from CHF 68 and keeps an Overweight rating on the ...
Julius Baer CEO’s First Strategy Moves Marred by Benko Hangover
Julius Baer Group Ltd. last month brought in Stefan Bollinger to draw a line under painful losses caused by loans to a ...