Private banking world stunned by Baer CEO's move to rival
Collardi taking demotion to become Pictet's co-head of global wealth management.
Boris Collardi stunned investors by stepping down as chief executive officer of wealth manager Julius Baer Group to join a bastion of Swiss private banking.
Having held the top job at Zurich-based Julius Baer from the age of 34 and emerging as the industry’s consummate salesman, doubling assets under management, Collardi is effectively taking a demotion to become Pictet & Cie.’s co-head of global wealth management. Baer only learned of his decision to leave at the weekend, according to its chairman, who said the move was for personal reasons, without elaborating. Key shareholder Harris Associates was among those expressing disappointment at Collardi’s departure.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
