The Board of Directors of Julius Baer has appointed Philipp Rickenbacher as new CEO, effective 1 September 2019.
Rickenbacher is currently head of Intermediaries & Global Custody of Bank Julius Baer & Co. Ltd. Prior to that, he was head Advisory Solutions for two years, responsible for the development of the Bank's innovative advisory approach and of holistic wealth management solutions. He joined Julius Baer in 2004 from McKinsey & Company.
Bernhard Hodler will retire from his role and from Julius Baer' Executive Board on 31 August 2019. He has been with the company for 21 years and CEO since 2017. While Rickenbacher will take over seamlessly on 1 September 2019, Hodler will assist him and the Board to ensure a smooth transition into 2020, before pursuing other projects.
Romeo Lacher, chairman of Julius Baer, said: "For this appointment, the Board of Directors has carefully evaluated internal and external candidates. With Philipp Rickenbacher, we have been able to appoint an internal candidate with a compelling leadership and industry track record, deeply familiar with Julius Baer's culture and business, but prepared to actively address the challenges of the future."