Stefan Bollinger | |
---|---|
Citizenship | Switzerland |
Education | CFA Institute Winterthur Business School |
Occupation | Chief Executive Officer of Julius Baer Group Ltd. |
Employer | Julius Baer Group |
Predecessor | Nic Dreckmann |
Stefan Bollinger (born 1974) is a Swiss banker, who is the current chief executive officer (CEO) of Julius Baer Group.
Career
Stefan Bollinger started his career at Zürcher Kantonalbank, later on moving to JP Morgan in London. Afterwards, he joined Goldman Sachs in 2004 where he stayed as a partner for 14 years with the role of co-head of private wealth management for Europe, the Middle East and Africa. During his tenure there, he doubled assets under management over the past five years.
In July of last year, he was appointed to the role of chief executive officer of Julius Baer, his current role. This was after the then CEO, Philipp Rickenbache, was ousted after the bank lost 586 million Swiss Francs on loan to the collapsed property firm Signa, with Nic Dreckmann acting as the temporary CEO for the time being.
On the 9th of January this year, Stefan Bollinger started working at Julius Baer. Julius Baer is facing many issues as of now, and he is expected to attempt to resolve these issues. Baer’s cost-to-income ratio has deteriorated steadily since 2021, as expenses grew faster than revenue. The afforementioned losses, along with finma's investigation into the company are all issues that Bollinger is expected to tackle. Hence, he is expected to introduce new reforms. At a town-hall meeting in Zurich, he urged employees to think for themselves, saying he’d “never seen” a bank with more consultants, and received much applause for the statement.
References
- "Julius Baer's Incoming CEO to Start Job in January". finews.asia. 21 November 2024. Archived from the original on 10 Jan 2025. Retrieved 10 Jan 2025.
- ^ "Stefan Bollinger Profile". Julius Baer. Archived from the original on 10 Jan 2025. Retrieved 10 Jan 2025.
- ^ Illien, Noele; Stamm, Levin (9 Jan 2025). "Julius Baer's New CEO Bollinger Takes On Day-One Growth Test". Bloomberg. Archived from the original on 11 Jan 2025. Retrieved 11 Jan 2025.
- July 2024, 24th (2024-07-24). "Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO - FinTech Futures: Fintech news". www.fintechfutures.com. Retrieved 2025-01-14.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ "Julius Baer appoints Stefan Bollinger as Chief Executive Officer". Julius Baer. July 23, 2024. Archived from the original on 10 Jan 2025. Retrieved 10 Jan 2025.
- Walker, Owen (2024-07-23). "Julius Baer names Goldman Sachs executive Stefan Bollinger as chief". Financial Times. Retrieved 2025-01-14.
- Revill, John (23 July 2024). "Swiss bank Julius Baer taps Goldman Sachs executive as CEO". Reuters. Archived from the original on 23 July 2024. Retrieved 11 Jan 2025.
- Illien, Noele (February 1, 2024). "Julius Baer replaces CEO, exits private debt after Signa hit". Reuters. Archived from the original on 3 Feb 2024. Retrieved 10 Jan 2025.
- "Julius Baer's Incoming CEO to Start Job in January". finews.asia. 2024-11-21. Retrieved 2025-01-15.
- "Baer's Sneaker-Wearing CEO Wants Growth With Fewer Consultants". Bloomberg.com. 2025-01-09. Retrieved 2025-01-15.