Philipp Rickenbacher is taking over from Bernhard Hodler, the former compliance chief who helped clean up the lender after a money laundering scandal.
Tuesday 09, July 2019 BY KUDAKWASHE MUZORIWA
Julius Baer Group has appointed Philipp Rickenbacher, the current Head of Intermediaries & Global Custody of Bank Julius Baer, as the new Chief Executive Officer effective 1 September 2019.
Rickenbacher has been with Julius Baer for 15 years, including three on the management board. While these qualities may give him the analytical skills for complex topics and develop a new strategy, it may have given him less experience with clients.
Julius Baer Group stated that Bernhard Hodler will retire from his role and from Julius Baer’ Executive Board on 31 August 2019, having been with the bank for 21 years and CEO since 2017.
Headquartered in Zurich, Julius Baer is present in over 25 countries and has offices in key locations including Dubai.