Boris Collardi leaves Julius Baer for Pictet, Bernhard Hodler named as replacement
Julius Baer CEO Boris Collardi has announced his sudden resignation to join the board of partners at fellow Swiss bank Pictet.
Collardi spent nine years at the helm of Julius Baer, overseeing a significant expansion strategy, but will now become co-head of Pictet's global wealth management group from mid-2018.
He will be replaced by Bernhard Hodler, Juliues Baer's current Chief Risk Officer who has also held the positions of Chief Operating Officer and President of the Management Committee of the Bank.
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The bank recently announced record assets worth €335mn, with its cost/income ratio edging closer to its medium-term target range of 64–68%.
"Julius Baer is in excellent shape," said its chairman Daniel J. Sauter. "We would like to thank Boris Collardi for his outstanding contribution and stewardship of the Group over almost nine years.
"I would like to thank Bernhard Hodler for assuming the role of CEO. His appointment ensures continuity in our successful strategy and the delivery of our growth targets."
Collardi will work alongside Remy Best, who has been in sole charge of Pictet's global wealth management group since 2014.
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