Julius Baer (BAER.S), opens new tab has hired Goldman Sachs (GS.N), opens new tab partner Stefan Bollinger as its new chief executive, it said on Tuesday, as the Swiss private bank seeks to move on from the Signa debacle which cost it millions and dented its reputation.
The appointment ends a search for a successor to Philipp Rickenbacher who was ousted in February after Julius Baer suffered a massive loss on loans to the failed property firm controlled by Austrian property magnate Rene Benko.
Source: REUTER
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