Swiss bank Julius Baer initiates search to replace its CFO, sources say

Julius Baer Gruppe AG

10/04/2026 14:10

ZURICH, April 10 (Reuters) - Julius Baer BAER.S is considering replacing its chief financial officer, two people familiar with discussions said, a step that would round off a shake-up in the private bank's top management since it racked up heavy losses linked to risky lending.

Julius Baer could not be reached for comment.

CFO Evie Kostakis took on the job in 2022, making her the highest-ranking survivor of a management team that has undergone extensive change over the past two years since the Swiss bank began revealing a string of painful losses and writedowns.

Kostakis did not immediately reply to a request for comment.

 (Reporting by Oliver Hirt and Ariane Luthi, editing by Dave Graham and Dhara Ranasinghe)

 ((elisa.martinuzzi@thomsonreuters.com))