Nearly six months after the resignation of Philipp Rickenbacher, Julius Baer has appointed a partner from Goldman Sachs as its new CEO.
Julius Baer has appointed Stefan Bollinger as chief executive officer, according to a statement. He will start his new role at the bank no later than 1 February 2025.
Bollinger has 30 years of financial industry experience across trading, structuring, sales, treasury and wealth management in Hong Kong, London, Luxembourg, New York and Zurich. He is currently working at Goldman Sachs as a partner and London-based co-head of private wealth management for Europe, Middle East and Africa. Previously, he also worked at J.P. Morgan and Zürcher Kantonalbank.
Doubling AUM
Under Bollinger’s leadership, Goldman Sachs had more than doubled assets under management in its private wealth business in Europe, Middle East and Africa over the past five years. He was also instrumental in growing Goldman’s presence in Asia.
«We are looking forward to welcoming Stefan Bollinger to Julius Baer. He has an excellent track record in global banking and wealth management,» commented Julius Baer chairman Romeo Lacher. «His experience combines a comprehensive understanding of risk, products and of how to deliver value to global wealth management clients through building scalable client-centric businesses.»
Long Search For Successor
Bollinger’s appointment was unveiled nearly six months after the resignation of ex-CEO Philipp Rickenbacher following damages linked to 606 million francs ($681 million) in exposure to René Benko’s Signa. Since then, Nic Dreckmann has taken over as acting CEO.
«On behalf of the Board of Directors I want to thank Nic Dreckmann for acting as CEO ad interim at a decisive moment. Nic and his team have done an outstanding job in leading Julius Baer in a challenging time with great focus on our clients and on delivering solid results,» Lacher said, adding that Dreckmann will continue to be an executive board member after handing over the CEO role to Bollinger in 2025.
