Julius Baer kicked off an effort to find a successor for Bernhard Hodler earlier this year, and the bank hired a headhunting firm to seek out and review candidates.
Sunday 26, May 2019
(Bloomberg) --Julius Baer Group has put together a shortlist of both internal and external candidates to replace Chief Executive Officer Bernhard Hodler and a decision can be made by the third quarter as it seeks to end a run of setbacks.
Yves Robert-Charrue, the 45-year old head of Europe, is emerging as an internal front runner, Iqbal Khan, Head of Credit Suisse Group’s International Wealth-Management unit, is also on the list though it isn’t clear if he is interested in the role.
The nomination committee, led by Charles Stonehill, is interviewing promising executives.
Hodler, 59, took over at the end of 2017 after the unexpected resignation of Boris Collardi.
Promoted to stabilise the bank, the former chief risk officer instead steered the bank through a rough year that saw its shares fall the most among Switzerland’s largest listed companies.
While the stock has rebounded this year Julius Baer still dropped out of the index of the country’s 20 largest and most liquid stocks.
Romeo Lacher, a former Credit Suisse banker who worked closely with Kahn, took over as chairman in April, replacing Daniel Sauter.