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

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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: March 17, 2025

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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)