trending Market Intelligence /marketintelligence/en/news-insights/trending/pLxgj7QQMOcv03bxzym7Tg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Julius Bär weighing significant job cuts as part of strategy review

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Julius Bär weighing significant job cuts as part of strategy review

Julius Bär Gruppe AG's review of its strategy could include reducing its workforce by 5% to 10%, several sources familiar with the matter told reported.

The total number of possible job cuts has not yet been finalized and is expected to be announced with the group's full-year 2019 results on Feb. 3, 2020, according to the report.

One source familiar with the plan told that Julius Bär will not shy away from cutting jobs at its influential 1,500-strong private banking division and will lay off unprofitable advisers, even if they are managing considerable assets. The lender is also anticipated to let go of smaller and less profitable clients, the source added.

Earlier, fellow Swiss private bank EFG International AG dismissed as false media reports about its potential acquisition by Julius Bär, saying the claims were unfounded and misleading. Earlier in December, local news website Inside Paradeplatz reported that Julius Bär CEO Philipp Rickenbacher was discussing a potential deal with EFG's owners.