US EditionJulius Baer Chair Promises Return to Pure-Play Roots
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Private bankers with "inherited" billion-dollar customer assets have so far been able to lie around. Now there is only bonus on new money. The Julius Bear has made a fundamental decision. It no longer rewards its most important asset advisors for the rascal creation. But from now on there is mainly extra money for special stakes. This is all about in the industry. On request, the bank referred to yesterday's strategy update. [...]
Julius Baer Chair Promises Return to Pure-Play Roots
Noel Quinn, Julius Baer’s newly elected chairman, said the Swiss private bank will return to its core purpose as a pure-play wealth manager after a «strategic drift» in recent years towards corporate banking. In a strategy update presentation, Julius Baer chairman Noel Quinn spoke about a future that would see the Swiss private bank change course back to pure-play wealth management after recent woes, most notably the 586 million Swiss francs ($7…
The second largest private bank in Switzerland plans to continue cutting out of its expenses during the period 2026-2028. The number of people who will be affected by this reorganization has not been communicatedJulius Baer will continue to reduce its expenses. If the second Swiss fortune manager, after UBS, plans to attract more funds, he also intends to reduce his expenses. During the period 2026-2028, the Zurich institution plans to save 130 …
The private bank Julius Bär wants to finalise the debts related to the high Signa credit losses.
The Julius Baer bank will implement new efficiency measures with the objective of achieving an additional cost savings of 130 million Swiss francs (139 million euros) by 2028, according to the institution announced this Tuesday.
Stefan Bollinger, the new head of Julius Bär, faces the challenge of reducing costs and promoting growth at the same time.
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