The firm is aligning the executive boards of Julius Baer Group and Bank Julius Baer & Co., the group's main operating entity.
Following the appointment of CEO Philipp Rickenbacher in July, Swiss multinational private bank Julius Baer on Thursday announced a streamlined organizational structure and leadership team.
As part of the revamp, it is aligning the executive boards of Julius Bank Group and Bank Julius Baer & Co., while cutting its size from 15 to nine individuals, the bank said in a statement. Its five regions serving private clients will also be reorganized into three geographic units: Switzerland & Europe, Middle East, and Africa; Asia Pacific; and the Americas.
The changes, which will come into effect on January 1, 2020, enable a «more agile set-up, centered on client needs and driven by faster decision-making,» Julius Baer said in a statement.
The board members include:
- Philipp Rickenbacher, Chief Executive Officer
- Yves Robert-Charrue, Head Switzerland & Europe, Middle East, and Africa
- Jimmy Lee Kong Eng, Head Asia Pacific
- Beatriz Sanchez, Head Americas
- Nic Dreckmann, Chief Operating Officer & Head of Intermediaries
- Nicolas de Skowronski, Investment & Wealth Management Solutions, Head of Wealth Management Solutions
- Yves Bonzon, Investment & Wealth Management Solutions, Chief Investment Officer
- Dieter A. Enkelmann, Chief Financial Officer
- Oliver Bartholet, Chief Risk Officer
Managerial Changes
The CFO will take over leadership of its treasury and credit management, as well as the Markets division, run by Luigi Vignola.
«The bundling of expertise in and access to capital markets will enhance the development of attractive financing solutions for Julius Baer’s clients, while ensuring a more inclusive management of its financial resources,» the statement said about the change.
In addition, Rémy Bersier, currently region head for emerging markets, will be appointed chairman, Private Banking Key Clients, reporting to the CEO, while keeping his role as chairman of Bank Julius Baer Monaco. Head of Switzerland, Gian Rossi, will leave the bank at the end of 2019 by mutual agreement.
