Julius Baer has announced 400 job cuts and shrunk its executive board in a cost-cutting push under new CEO Stefan Bollinger. The impacted jobs constitute about 5% of the Swiss private bank’s workforce ...

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as new Chief Executive Officer Stefan Bollinger focuses on reducing costs at the Swiss wealth manager. The job cuts will be across divisions, people familiar with the matter said. While initial ...

The job cuts will be across divisions ... The bank’s 15-person executive board will also be significantly downsized, they said. The plans are not final and could yet change, the people said.