The Zurich private bank puts the home market under new management. This should ensure more coherence at Julius Baer in Switzerland.
Bank Julius Baer appoints Gilles Stuck at the beginning of November to the new Head of Market Switzerland. This emerged from a message from the traditional house on Tuesday.
Andreas Feller, the previous head of German-speaking Switzerland has decided to leave Julius Baer after twelve years. This in order to dedicate himself to his tasks with new professional challenges, as it was further said. Feller, the former Zurich boss at the “Bären”, only took over his current position at the beginning of 2020.
The market has seen various changes in management in recent years, for example when the ex-Credit Suisse banker took over in 2016 Barend Fruithof. In 2019, Julius Baer integrated Switzerland into its European business; In the end, however, the signs were again in the direction of regionalization. In 2019, Gian Rossi resigned as head of Switzerland and Feller should have done more business.
New roles in Geneva too
Also on November 1st, the current head of French-speaking Switzerland, Emmanuel Debons, take over the position of branch manager in Geneva. He will also continue to be responsible for business with Swiss customers in Geneva.
With the appointments, the private bank is striving for Yves Robert-Charrue, Head of Switzerland & Europe, Middle East and Africa (Emea), a unified management and a coherent approach in the home market, so the communiqué.
Tailwind thanks to the financial markets
The designated store manager, Stuck, joined Julius Baer in 2018 as head of structured finance. Prior to that, he spent more than twelve years in the financial services industry and held a number of executive positions in asset management.
The flourishing financial markets in the first half of the year helped Zürcher Privatbank to achieve a surprisingly good half-year result, as did finews.ch reported. Now the institute can fully concentrate on the implementation of the strategy and the growth opportunities in the core markets, ”said Julius Baer CEO Philipp Rickenbacher last July.
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