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…
Have a confidential tip? Get in touch [email protected]