Julius Baer has promoted its current chief operating officer Boris Collardi to the position of chief executive officer to replace Johannes A de Gier. The appointment is effective May 1, 2009.
Collardi is relatively new to the Swiss private bank, having joined as COO in early 2006 following Julius Baer's acquisition of three private banks and hedge fund GAM Holding at the end of 2005. Collardi was involved in the integration of these banks into Julius Baer.
de Gier was appointed CEO in December last year after his predecessor, Alex Widmer, committed suicide. He will continue in his role as chairman of GAM.
Collardi's career includes 12 years at Credit Suisse in Europe...