ZURICH: The Board of Directors of Julius Baer has appointed Philipp Rickenbacher as new Chief Executive Officer (CEO), effective September 01, 2019. Philipp 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. The 48-year-old joined Julius Baer in 2004 from McKinsey & Company.

The CEO appointment is the outcome of the Board’s long-term succession planning. The leadership progression underscores Julius Baer’s ambition to anticipate the ongoing secular shifts in the wealth management industry. The strategy initiated under the current CEO Bernhard Hodler, built on smarter market coverage and holistic and personal advice, powered by technology and digitalisation, will be accelerated under the helm of the new CEO.