Swiss bank Julius Baer has appointed Goldman Sachs partner Stefan Bollinger as chief executive.

Bollinger is currently co-head private wealth management for Europe, Middle East and Africa at Goldman Sachs. Under his leadership, the business has more than doubled assets under management.

Bollinger first joined the bank in 2004 and has been Partner for 14 years.

Before this, he worked at JP Morgan in London after starting his career at Zürcher Kantonalbank.

Nic Dreckmann currently holds the position of chief executive of Julius Baer on an interim basis.

Bollinger will begin his new role in early 2025.

"Under Stefan’s leadership, we will future-proof Julius Baer as the leading pure-play private bank, and create the best conditions for sustainable growth," said Romeo Lacher, chairman of Julius Baer. "Our priorities to achieve this are to create value for clients and shareholders in everything we do, to strengthen and to ensure state-of-the-art risk management, and to foster a culture of excellence.”

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