Julius Baer pays interim CEO $6.6 million in 2024
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A logo is pictured on Swiss private bank Julius Baer building in Geneva, Switzerland, November 21, 2024. REUTERS/Denis Balibouse/File Photo
(Reuters) - Swiss private bank Julius Baer delivered a total pay package to its ad interim chief executive officer Nic Dreckmann of 5.8 million Swiss francs ($6.56 million) in 2024, the firm said in its annual report on Monday.
In 2023, Dreckmann's predecessor, Philipp Rickenbacher, received compensation of 1.7 million Swiss francs in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa.
($1 = 0.8840 Swiss francs)
(Reporting by Tristan Veyet and Paolo Laudani in Gdansk)
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