Swiss wealth management group Julius Baer has announced that Stefan Bollinger, currently a partner at Goldman Sachs, will become CEO of Julius Baer, no later than February 1, 2025.
Julius Baer has been without a permanent chief executive since February, when a $700 million writedown of its exposure to Signa led to the departure of Philipp Rickenbacher.
Bollinger, 50, a Swiss citizen, is currently Co-Head Private Wealth Management for Europe, Middle East and Africa at Goldman Sachs in London.
“Stefan Bollinger has three decades of experience in financial markets, performing various roles across trading, structuring, sales, treasury, and wealth management. During his career, he was based in Hong Kong, London, Luxembourg, New York, and Zurich,” said the Swiss firm.
“Stefan Bollinger joined Goldman Sachs in 2004 and has been Partner for 14 years. Prior to joining Goldman Sachs, he worked at J.P. Morgan in London. He started his career at Zürcher Kantonalbank.”
Stefan Bollinger
Julius Baer chairman Romeo Lacher said: “We are looking forward to welcoming Stefan Bollinger to Julius Baer.
“He has an excellent track record in global banking and wealth management. He was instrumental in expanding the presence of Goldman Sachs in Asia, Europe, the Middle East, and Africa.
“Stefan led and built outstanding businesses, most of them at the intersection of wealth management and capital markets. His experience combines a comprehensive understanding of risk, products, and of how to deliver value to global wealth management clients through building scalable client-centric businesses.
“He brings a unique combination of leadership, client, and people skills with strong technical knowhow and functional expertise to Julius Baer. Under Stefan’s leadership, we will future-proof Julius Baer as the leading pure-play private bank, and create the best conditions for sustainable growth.
“Our priorities to achieve this are to create value for clients and shareholders in everything we do, to strengthen and to ensure state-of-the-art risk management, and to foster a culture of excellence.”
Bollinger said: “I am excited to be joining Julius Baer and honoured by the opportunity to lead this storied institution. I look forward to working closely with the Board, the management team, and all the people of Julius Baer to capitalise on its unique strengths and to shape the next chapter of client centricity, excellence in risk management, and sustainable growth.”
Lacher thanked Nic Dreckmann, acting CEO of Julius Baer: “On behalf of the Board of Directors I want to thank Nic Dreckmann for acting as CEO ad interim at a decisive moment.
“Nic and his team have done an outstanding job in leading Julius Baer in a challenging time with great focus on our clients and on delivering solid results. Nic will continue to lead the Group until Stefan’s arrival and ensure a seamless handover.
“Following the handover, we are looking forward to continuing to count on Nic as a member of the Executive Board.”