According to Chairman of the Board of Directors Romeo Lacher, Philipp Rickenbacher’s resignation as CEO of the private bank Julius Baer took place without any external pressure. (Archive image) Keystone/ENNIO LEANZA sda-ats
This content was published on February 2, 2024 – 10:17 p.m. February 2, 2024 – 10:17 p.m
(Keystone-SDA)
There was no external pressure when Philipp Rickenbacher resigned as CEO of the private bank Julius Baer. “The financial market supervisory authority did not exert any pressure,” said Board Chairman Romeo Lacher in an interview with “Finanz und Wirtschaft”.
There was also no pressure from individual shareholders.
According to Lacher, Rickenbacher’s resignation was “a joint decision by him and the board of directors.” But Lacher’s resignation was also apparently up for debate. “The board of directors discussed it openly and examined all options,” he said.
On Thursday, Julius Baer not only wrote off the entire loan of 606 million francs to the Austrian investor René Benko’s Signa Group, but also announced its withdrawal from the entire “private debt” business. “Here too, no pressure was exerted by Finma,” emphasized Lacher. However, there was an intensive exchange with the financial market supervisory authority.
2024-02-02 21:31:39
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