[HIGHLIGHTS] Benko involvement drags Julius Baer into crisis: CEO has to leave, millions in write-off

Benko involvement drags Julius Baer into crisis: CEO has to leave, millions in write-off.. As of: February 1, 2024, 9:52 a.m By: Marcel Reich CommentsPressSplit The Swiss bank JuliusBaer is sliding into crisis.

CEO Philipp Rickenbacher will leave the company and be replaced by deputy head and chief operating officer (COO) Nic Dreckmann on an interim basis. The write off has a significant impact on the bank's annual profit: the group's profit falls by 55 percent.