Julius Baer changes again head of Switzerland

The Zurich private bank puts the home market under new management. This should ensure more coherence at Julius Baer in Switzerland.

Bank Julius Baer will appoint Gilles Stuck as the new Head of Market Switzerland at the beginning of November. This emerged from a message from the traditional house on Tuesday.

Andreas Feller, the previous head of German-speaking Switzerland, has decided to leave Julius Baer after twelve years. This in order to devote himself to his tasks with new professional challenges, as it was further said. Feller, the former Zurich boss at the "Bären", only took over his current position at the beginning of 2020.

The market has seen various changes in management over the past few years, for example with the arrival of ex-Credit Suisse banker Barend Fruithof in 2016. In 2019, Julius Baer integrated Switzerland into its European business; In the end, however, the signs were again in the direction of regionalization. In 2019, Gian Rossi resigned as head of Switzerland and Feller should have gotten more momentum into business.

New roles in Geneva too

Also on November 1st, the current head of French-speaking Switzerland, Emmanuel Debons, will take over the position of branch manager in Geneva. He will also continue to be responsible for business with Swiss customers in Geneva.

With the appointments, the private bank under Yves Robert-Charrue, Head of Switzerland & Europe, Middle East and Africa (Emea), is aiming for a unified management and a coherent approach in the home market, according to the communiqué.

Tailwind thanks to the financial markets

The designated store manager, Stuck, joined Julius Baer in 2018 as head of structured finance. Prior to that, he spent more than twelve years in the financial services industry and held a number of executive positions in asset management.

The flourishing financial markets in the first half of the year helped Zurich private bank to a surprisingly good half-year result , as finews.ch reported. Now the institute can fully concentrate on the implementation of the strategy and the growth opportunities in the core markets, ”said Julius Baer CEO Philipp Rickenbacher last July.