Julius Baer Group Ltd Appoints Stefan Bollinger as New CEO, Aiming to Move Past Signa Scandal

  • 3 months ago
Julius Baer Group Ltd has appointed Stefan Bollinger as its new CEO, aiming to move past last year's Signa real estate scandal.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Julius Baer Group Limited has appointed Stefan Bollinger as its new CEO, aiming to move past
00:08last year's Cigna real estate scandal.
00:10Bollinger, currently with Goldman Sachs, will take over by February 2025.
00:15His selection marks a shift as he brings extensive global banking experience but lacks executive
00:20board experience at a major listed bank.
00:22This leadership change follows significant profit cuts and the resignation of the previous
00:26CEO amid revelations of a $700 million exposure to the defunct Cigna property empire.
00:32The bank's shares have seen a modest recovery, reflecting cautious optimism.
00:36For all things money, visit Benzinga.com.

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