Stefan Bollinger took up his position as Chief Executive Officer of Julius Baer on 9 January 2025, completing a leadership transition that the Swiss private bank had announced in July 2024. Bollinger arrives from Goldman Sachs, where he served as Co-Head of Private Wealth Management for Europe, the Middle East and Africa.
Julius Baer disclosed the appointment on 23 July 2024. Bollinger succeeds Nic Dreckmann, who served as acting Chief Executive after the board separated from Philipp Rickenbacher in early 2024, following the bank's losses on its exposure to the collapsed Signa Group.
SIGNA EXPOSURE
Signa Group, the Austrian property and retail conglomerate, filed for insolvency in late 2023. Julius Baer had extended private credit facilities to Signa entities and took write-downs when the group collapsed.
Julius Baer's board moved to discontinue the direct private debt lending book and refocus the institution on asset management, advisory and banking services for private clients.
Dreckmann remains a member of the Executive Board. The bank has expressed its appreciation for his leadership.
BOLLINGER'S PRIORITIES
On his appointment, Bollinger said he looked forward to “shaping the next chapter of client centricity, excellence in risk management, and sustainable growth”.