Julius Baer Group\u2019s finance chief Evie Kostakis will step down after a transition period in the second half of the year, as she moves on to another international leadership post.<\/p>\n
The Swiss bank said it is working on succession plans and will name a replacement later.<\/p>\n
Kostakis is set to stay until the end of 2026 to support the handover to her successor.<\/p>\n
Julius Baer CEO Stefan Bollinger said: \u201cI am grateful for Evie\u2019s leadership and unwavering dedication to our organisation. Over her 13 years at Julius Baer, the last six of which as deputy CFO and, since 2022, group CFO, she has been instrumental in driving our strategic footprint optimisation, improving our operational efficiency, strengthening our investor base, diversifying our funding profile, spearheading technology transformation in the Finance area, and building a best-in-class Finance organisation. Evie\u2019s steadfast leadership has been crucial in re-positioning Julius Baer for long-term success.\u201d<\/p>\n
The change comes against the backdrop of broader management turnover and continuing fallout from losses linked to Signa.<\/p>\n
The bank\u2019s difficulties began to surface in late 2023 after the collapse of Rene Benko\u2019s Signa group.<\/p>\n
In early 2024, Julius Baer reported loan losses of SFr586m ($742m).<\/p>\n
Julius Baer is still subject to an enforcement assessment by Swiss regulator FINMA over those losses, a process that prevents the bank from announcing new share buybacks.<\/p>\n
Around the time it disclosed the writedown, the group removed chief executive Philipp Rickenbacher. He was succeeded by Stefan Bollinger, formerly of Goldman Sachs, who took up the role in January 2025.<\/p>\n
Chairman Romeo Lacher also left, with his departure announced a few weeks after Bollinger\u2019s arrival. Noel Quinn, the former head of HSBC, was named as the new chairman.<\/p>\n
In May 2025, the bank said chief risk officer Oliver Bartholet would retire, while also reporting a SFr130m credit charge following a review of its credit book.<\/p>\n
In November, Julius Baer disclosed another SFr149m in losses, reflecting writedowns on real estate loan positions that it said were no longer aligned with strategy.<\/p>\n
Last month, the group also said Olga Zoutendijk would not seek re-election<\/a> to the board at the annual general meeting on 9 April 2026 and would leave at that point.<\/p>\n Julius Baer added that it intends to put forward Urban Angehrn and Colin Bell for election to the board at the 2026 AGM.<\/p>\n