Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO

Key Points:

1. New CEO Appointment:
   • Stefan Bollinger appointed as CEO, starting “no later than 1 February 2025”.
   • Bollinger is currently an executive at Goldman Sachs.
2. Interim CEO:
   • Bollinger will replace interim CEO Nic Dreckmann, who has been in the position since February this year.
3. Chairman’s Statement:
   • Romeo Lacher, chairman of Julius Baer, stated that under Bollinger’s leadership, Julius Baer aims to become the leading pure-play private bank and achieve sustainable growth.
4. Stefan Bollinger’s Background:
   • Over 30 years of experience in financial markets.
   • Roles include wealth management, treasury, trading, structuring, and sales.
   • Spent the past 19 years at Goldman Sachs.
   • Key roles at Goldman Sachs:
     • Co-head of EMEA equities sales.
     • Global head of the private investor products group.
     • Co-head of private wealth management for the EMEA region.
   • Instrumental in expanding Goldman Sachs’ presence in Asia, Europe, the Middle East, and Africa.
5. Julius Baer’s Profile:
   • Founded in 1890.
   • Operates in over 60 global locations.
   • Reported CHF 471 billion ($528 billion) in assets under management as of April 2024.