Published by Reuters – 18th Jan 2018
Former Julius Baer chief executive Boris Collardi said on Thursday the chance to go from employee to entrepreneur drove his decision to quit his job to become a partner at Geneva-based rival Pictet Group.
“I’ll go from being an employee to an entrepreneur,” Collardi said on Thursday on the sidelines of a private banking event in the Swiss capital.
“That had a lot of importance for me.”
Julius Baer is publicly listed while Pictet is a private partnership.
Collardi had been CEO at Julius Baer since 2009 and he had faced disputes with shareholders over his pay. He has not previously publicly stated a reason for his departure.
Collardi was replaced by Chief Risk Officer Bernhard Hodler, who has agreed to take on the job while the bank evaluates the group’s long term leadership.
