Julius Baer says its chief executive is resigning and the Swiss bank is quitting the private debt business, as well as setting aside more than half a billion Swiss francs, reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed “regret” during a presentation on Thursday of the bank’s 2023 results, […]
Tag: Baer
Julius Baer chief resigns as bank announces plans to quit private debt business
Julius Baer says its chief executive is resigning and the Swiss bank is quitting the private debt business, as well as setting aside more than half a billion Swiss francs, reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed “regret” during a presentation on Thursday of the bank’s 2023 results, […]