Finance

Julius Baer Says CEO Philipp Rickenbacher is Stepping Down

WATCH: Julius Baer CEO Philipp Rickenbacher is stepping down, and will be replaced by deputy Nic Dreckmann on an interim basis. Myriam Balezou reports.Source: Bloomberg
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Julius Baer Group Ltd. confirmed that Chief Executive Officer Philipp Rickenbacher is to step down.

The decision is in “mutual agreement” with the board of directors, the Zurich-based bank said in a statement on Thursday.