IOB - Delayed Quote CHF

Julius Bär Gruppe AG (0QO6.IL)

53.68

-0.44

(-0.81%)

As of 10:47:46 AM GMT+1. Market Open.

Julius Baer Books Loan Loss Charge as New Management Pushes for Turnaround

The bank’s new leadership is reviewing credit portfolios to move past a scandal that led to a major writedown and cost the former CEO his job.

The Wall Street Journal 22 hours ago

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Julius Baer $156 million writedown sends shares down more than 5%

ZURICH (Reuters) -Julius Baer's announcement of a 130 million Swiss franc ($156.36 million) writedown sent the Swiss bank's shares tumbling more than 5% on Wednesday, putting it on the back foot as its new management seeks to turn the page on past setbacks. Julius Baer revealed the net charge late on Tuesday after a review of its credit portfolio. The hit followed losses of 586 million Swiss francs which the bank made public early last year, leading to the management shake-up.

Reuters yesterday

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Julius Baer fined over lapses in AML controls

FINMA’s decision focused on the bank's inability to detect or act on suspicious transactions from 2009 to 2019.

Private Banker International 6 days ago

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Passing wealth: Julius Baer’s modern approach

Intergenerational wealth transfer has long been a critical topic for UHNW families, but today it is front and centre like never before.

Private Banker International 28 days ago

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Julius Baer overhauls structure to drive growth and digital transformation

Swiss private bank unveils sweeping organisational changes across its global wealth management business.

Private Banker International last month

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Julius Baer secures nod for Italian onshore market foray

The new branch is part of Bank Julius Baer Europe in Luxembourg, which has presence in Dublin, Madrid, and Barcelona.

Private Banker International 2 months ago

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Julius Baer grows in Italy with Milan branch

Swiss wealth manager strengthens European presence with Italian onshore office.

Private Banker International 2 months ago

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Julius Baer pays interim CEO $6.6 million in 2024

Swiss private bank Julius Baer delivered a total pay package to its ad interim chief executive officer Nic Dreckmann of 5.8 million Swiss francs ($6.56 million) in 2024, the firm said in its annual report on Monday. In 2023, Dreckmann's predecessor, Philipp Rickenbacher, received compensation of 1.7 million Swiss francs in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa. ($1 = 0.8840 Swiss francs)

Reuters 2 months ago

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Former HSBC CEO Quinn to join Julius Baer as chairman in May

Former HSBC CEO Noel Quinn will join Swiss wealth manager Julius Baer Group as its next chairman in May, pending shareholder approval, according to a company statement on Friday. The board of directors at Julius Baer will nominate Quinn for election as its new non-executive chairman at the annual general meeting on April 10, replacing Romeo Lacher, who is not seeking re-election. Quinn, a British banking veteran who turned 63 in January, will assume his new role on May 1 due to prior commitments

South China Morning Post 2 months ago

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Julius Baer sheds 400 jobs, downsizes executive board

The company’s executive board has now been trimmed from 15 to 5 members, as the bank eyes another CHF110m in cost savings.

Private Banker International 3 months ago

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Julius Baer chairman to step down

The board has already started a search for external candidates for the chair position, which is expected to conclude soon.

Private Banker International 3 months ago

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Julius Baer chairman to leave as Signa reckoning widens

ZURICH (Reuters) -The chairman of Julius Baer, Romeo Lacher, is to step down, the Swiss bank said on Monday, as it continues a management shake-up that began a year ago after it suffered major losses from exposure to collapsed property group Signa. In a statement, Baer said that Lacher would not stand for re-election at its annual general meeting on April 10 and that his proposed successor would be nominated in March. Lacher informed the board of his decision in 2024, the bank said.

Reuters 3 months ago

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BTG Pactual to acquire Julius Baer’s Brazilian wealth unit

Julius Baer Brazil serves high and ultra-high-net-worth clients in São Paulo, Belo Horizonte, and Rio de Janeiro.

Private Banker International 4 months ago

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BTG Pactual to buy Julius Baer's Brazil unit in $164 million deal, local media reports

Brazilian investment bank BTG Pactual is set to announce the acquisition of Swiss private bank Julius Baer's local unit in a deal worth about 1 billion reais ($163.6 million), newspaper O Globo reported on Monday. BTG Pactual will announce the deal this week, according to the report, which did not specify how it obtained the information. BTG Pactual and Julius Baer declined to comment.

Reuters 4 months ago

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European bank stock picks for 2025, according to Deutsche Bank

European bank stocks have had a strong year but going into 2025 Deutsche Bank is being more selective with stock picks in the sector.

Yahoo Finance UK 5 months ago

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Julius Baer expands its St. Gallen division

Julius Baer adds new relationship managers to its St. Gallen unit.

Private Banker International 5 months ago

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Julius Baer appoints team head for Asia Switzerland

He is based in Zurich and will report to Christian Capelli, head Asia Switzerland for Julius Baer.

Private Banker International 7 months ago

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Longbridge Whale certified as Portfolio Management System (PMS) provider with Julius Baer FIX Connectivity

Longbridge Whale ("Long Bridge Technology") is thrilled to announce that it has been certified as a Portfolio Management System (PMS) provider with Julius Baer FIX Connectivity. This new certification marks a significant milestone for Longbridge Whale, as it empowers the company to provide a more comprehensive and specialized digital platform for wealth managers, financial intermediaries such as External Asset Managers (EAMs) and Single Family Offices (SFOs), via FIX Connectivity.

PR Newswire 8 months ago

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Julius Baer alters firm Kuoni Mueller & Partner to Julius Baer Real Estate

Kuoni Mueller & Partner becomes Julius Baer Real Estate Ltd., and Julius Baer buys all of its shares

Private Banker International 8 months ago

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Julius Baer appoints head of Lucerne branch

Julius Baer has selected Andreas Weisshaupt as its new head of the Lucerne branch, starting from 2025.

Private Banker International 8 months ago

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Performance Overview

Return	0QO6.IL	MSCI WORLD (^990100-USD-STRD)
YTD	-2.90%	+2.70%
1-Year	+5.97%	+9.76%
3-Year	+35.61%	+43.81%

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Julius Bär Gruppe AG (0QO6.IL)

Julius Baer Books Loan Loss Charge as New Management Pushes for Turnaround

Julius Baer $156 million writedown sends shares down more than 5%

Julius Baer fined over lapses in AML controls

Passing wealth: Julius Baer’s modern approach

Julius Baer overhauls structure to drive growth and digital transformation

Julius Baer secures nod for Italian onshore market foray

Julius Baer grows in Italy with Milan branch

Julius Baer pays interim CEO $6.6 million in 2024

Former HSBC CEO Quinn to join Julius Baer as chairman in May

Julius Baer sheds 400 jobs, downsizes executive board

Julius Baer chairman to step down

Julius Baer chairman to leave as Signa reckoning widens

BTG Pactual to acquire Julius Baer’s Brazilian wealth unit

BTG Pactual to buy Julius Baer's Brazil unit in $164 million deal, local media reports

European bank stock picks for 2025, according to Deutsche Bank

Julius Baer expands its St. Gallen division

Julius Baer appoints team head for Asia Switzerland

Longbridge Whale certified as Portfolio Management System (PMS) provider with Julius Baer FIX Connectivity

Julius Baer alters firm Kuoni Mueller & Partner to Julius Baer Real Estate

Julius Baer appoints head of Lucerne branch

Performance Overview