Julius Baer has appointed Philipp Rickenbacher as its new CEO, replacing Bernhard Hodler who will retire following 21 years of service in the company.
Rickenbacher is currently the head the intermediaries & global custody at the bank. He will assume the new responsibility on 1 September 2019.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The 48-year old joined Julius Baer in 2004 from McKinsey & Company. At Julius Baer, he also served as the head of advisory solutions for two years.
As the new CEO, Rickenbacher will be responsible to accelerate the current strategy initiated by Hodler to leverage technology and digitalisation to bolster its presence in wealth industry.
Julius Baer chairman Romeo Lacher said: “For this appointment, the Board of Directors has carefully evaluated internal and external candidates.
“We are delighted that, with Philipp Rickenbacher, we have been able to appoint an internal candidate with a compelling leadership and industry track record, deeply familiar with Julius Baer’s culture and business, but prepared to actively address the challenges of the future.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHodler, who has been the CEO of the private bank since 2017, will work with Rickenbacher and the board to ensure smooth transition.
Rickenbacher said: “With our unique pure wealth management focus, our entrepreneurial spirit and values, we are perfectly equipped to continue to lead the industry in the years to come.”
Recently, Julius Baer selected UK-based Alpima as its technology partner. As a partner, Alpima will support rule-based portfolio derivation and visualisation in Julius Baer’s investment management unit.
