Julius Baer unveils trimmed down Exec Board with no room for Asia

Under the helm of new CEO Stefan Bollinger, Julius Baer is shrinking its Executive Board and has announced plans for job cuts in Switzerland as part of a cost-cutting programme to boost profitability. Following pre-tax profits that missed analysts’ estimates in FY2024, Julius Baer’s shares tumbled more than 10% on Monday morning. Shrinking Executive Board The bank presented its 2024 FY…

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