Julius Baer has had quite the transformational year with new chief executive Stefan Bollinger at the helm.

The ex-Goldman Sachs private wealth boss has overhauled the Swiss wealth manager’s leadership, slashed costs and tightened its risk and compliance controls after its bet on Austrian billionaire Rene Benko’s property empire Signa blew up in late 2023 — resulting in losses totalling hundreds of millions of Swiss francs.