Julius Baer CEO Quits in Surprise Departure, Joins Rival
- Collardi to join Pictet as co-head of global wealth management
- Deputy CEO Bernhard Hodler will take over for Collardi
Julius Baer Investors Stunned as CEO Collardi Joins Rival
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Boris Collardi unexpectedly resigned as chief executive officer of Julius Baer Group Ltd. to become a partner at rival Pictet Group, triggering the search for a long-term successor. He will be replaced for now by Deputy CEO Bernhard Hodler.
Collardi, 43, will join closely held Pictet as co-head of its global wealth management group as of mid-2018, the Zurich-based bank and Pictet said in separate statements on Monday. Julius Baer said the board will start “an evaluation process for the long-term leadership of the group.”