Swiss clandestinely bank Julius Baer said on Monday that Chief Overseer Boris Collardi was resigning with immediate effect to take a advertise at Pictet Group in Geneva.
Zurich-based Baer appointed current Chief Peril Officer Bernhard Hodler as CEO, adding it would engage in an evaluation operation to address the long-term leadership of the group.
Collardi, whose role as a Pictet colleague will include helping oversee its global wealth management affair, is leaving Baer just after the biggest-listed Swiss private bank posted record assets under governance of 393 million Swiss francs ($401.10 million) earlier this month.
“Julius Baer is in bar shape,” Chairman Daniel Sauter said in a statement.
Hodler’s “post ensures continuity in our successful strategy and the delivery of our growth targets,” Sauter continued.
Hodler, who was named Collardi’s deputy in September 2017, has been a associate of Julius Baer’s senior executive team since 1998 and has pulled positions including chief operating officer.
Hodler said he did not wait for major changes in the bank’s strategy. “I stand for continuity,” he said on a chastise with reporters.