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    Home > Finance > Julius Baer pays interim CEO $6.6 million in 2024
    Finance

    Julius Baer pays interim CEO $6.6 million in 2024

    Published by Global Banking & Finance Review®

    Posted on March 17, 2025

    1 min read

    Last updated: January 24, 2026

    Julius Baer pays interim CEO $6.6 million in 2024 - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Julius Baer awarded interim CEO Nic Dreckmann $6.6M in 2024, a notable rise from the previous CEO's pay amid financial challenges.

    Julius Baer Interim CEO Nic Dreckmann Earns $6.6 Million in 2024

    (Reuters) - Swiss private bank Julius Baer delivered a total pay package to its ad interim chief executive officer Nic Dreckmann of 5.8 million Swiss francs ($6.56 million) in 2024, the firm said in its annual report on Monday.

    In 2023, Dreckmann's predecessor, Philipp Rickenbacher, received compensation of 1.7 million Swiss francs in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa.

    ($1 = 0.8840 Swiss francs)

    (Reporting by Tristan Veyet and Paolo Laudani in Gdansk)

    Key Takeaways

    • •Julius Baer paid interim CEO Nic Dreckmann $6.6 million in 2024.
    • •Dreckmann's compensation reflects a substantial increase from 2023.
    • •Philipp Rickenbacher, the former CEO, earned $1.7 million in 2023.
    • •The bank faced losses due to its exposure to Signa.
    • •Swiss franc to USD exchange rate is 0.8840.

    Frequently Asked Questions about Julius Baer pays interim CEO $6.6 million in 2024

    1What is the main topic?

    The article discusses the compensation of Julius Baer's interim CEO Nic Dreckmann in 2024.

    2How much did Nic Dreckmann earn in 2024?

    Nic Dreckmann earned a total of 5.8 million Swiss francs, equivalent to $6.56 million.

    3Who was the previous CEO and what was his compensation?

    Philipp Rickenbacher was the previous CEO, earning 1.7 million Swiss francs in 2023.

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