Swiss bank Julius Baer names Goldman Sachs exec as new CEO
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FILE PHOTO: A logo is pictured on the branch of the Swiss private bank Julius Baer, after the disclosure of an exposure with the property and retail giant Signa, in Lausanne, Switzerland, November 29, 2023. REUTERS/Denis Balibouse/File photo
ZURICH (Reuters) - Julius Baer has hired Goldman Sachs partner Stefan Bollinger to be its new Chief Executive, the Swiss private bank said on Tuesday.
The appointment ends a search for a successor to Philipp Rickenbacher who was ousted in February after Julius Baer suffered massive losses on loans to failed property firm Signa.
(Reporting by John Revill; Editing by Himani Sarkar)
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