Philipp Who? Julius Baer Surprises With Insider Pick for CEO
- Ex-McKinsey consultant Rickenbacher to take over from Hodler
- Appointment ends speculation about Iqbal Khan, Robert-Charrue
Philipp Rickenbacher
Source: Julius Baer Group Ltd.
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Julius Baer Group Ltd. appointed little-known internal candidate Philipp Rickenbacher as chief executive officer in a move likely to be seen as another step back from the breakneck expansion under Boris Collardi.
Rickenbacher is taking over from Bernhard Hodler, the former compliance chief who helped clean up the bank after a money laundering scandal that cast a shadow over the boom years under his predecessor. Collardi spearheaded growth through a dozen acquisitions and joint ventures, hiring hundreds of new client managers and more than doubled the money it oversaw.