Knowledge (XXG)

Boris Collardi

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78: 718:. It has, however, also fueled speculation on the potential for poaching not only employees but client assets from his former employer. Collardi excluded this possibility, indicating there was enough room for both to grow, and mentioned that in any case getting to know the existing teams was required before decisions on additional hires could be made. Given 25: 722:
213-year history, traditional approach and tendency to hire from within the company, his appointment also made possible culture clashes a topic, considering Collardi's extensive personal network and tendency to be directly involved with staffing decisions. Nicolas Pictet, the eighth-generation to run
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also expressed their disappointment. Shares opened down 4.2% following the news. The news, while unexpected, should not have come as a complete surprise according to sources within the industry, as Collardi was known for his drive and affinity towards challenges and had largely implemented his vision
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are greater than at his former employer, Collardi stressed his desire to be more of an entrepreneur than employee as a key factor in his decision to take on the role. Due to Pictet's legal structure, Collard's new compensation plan will likely never be released to the public, but his departure from
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market, Collardi remarked, "We look at three things: costs, investments and three-year revenue growth. At the beginning of each year, we are prudent and adjust short-term expenses and decrease headcount where needed." Regarding management, he stressed the importance of keeping people in their
666:, Rémy Best, with whom he is running the bank's global wealth management business, Marc Pictet, Bertrand Demole and Laurent Ramsey. He is the first outsider to join in almost 20 years and one of only 42 to ever hold such as position. Despite the company's smaller size, though the 492 billion 723:
the bank, remarked that, on the contrary, he sees Collardi as a powerful endorsement of the continued strategy of "independence, organic growth and focus on the long term". In 2020, his move to Pictet was critically described as a strain in several media articles.
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in 2019. At the annual shareholder meeting in April 2018, Chairman Sauter announced Hodler was appointed to guide the bank in the long run and not as an interim solution.
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did result in a considerable compensation cut including not receiving a bonus for 2017 and leaving behind over 7 million francs worth of unvested stock awards.
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into technology and was developing a new centralized, fully digital IT platform, to be rolled out worldwide. Simultaneously, Collardi admitted that the
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announcing an evaluation process addressing the long-term leadership of the group. In September 2017, Bernhard Hodler was announced to be replaced as
1507: 1437: 1265: 941: 1320: 1236: 349:. Diversifying into new markets was also part of the declared strategy – by 2013 more than 75% of the bank’s net new money originated from 1053: 451:
functions for many years, eliminating the need to re-explain the strategy and building long-term trust with clients. Consequently, the
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have migrated to the new platform. According to Collardi, the rollout will be completed by 2020. At the time of his departure, the
748: 307:, Collardi was chosen to succeed interim CEO Johannes de Gier, in the process becoming the bank's youngest-ever chief executive. 1161: 1133: 1023: 966: 1598: 1105: 1391: 1364: 1603: 41: 475:, in order to better cater to each’s individual idiosyncrasies. Despite his ambitions, Collardi noted the importance of 415:
would either focus exclusively on one or two markets, become part of a gigantic, integrated firm offering all facets of
289:" credits him as a decisive factor behind the successful integration of these banks and the subsequent establishment of 37: 908: 504: 446:
through direct hire and client acquisitions. Asked about some of the failed attempts by competitors to enter the
1187: 442:, the latter of which formed the basis of his strategy. While keen on expansion, he stressed the importance of 1462: 850: 515:
aspects of the value chain will become fully automated and allow for increasingly customizable products. The
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probe that is described as casting "a shadow over his move to Geneva private bank Pictet & Cie."
411:’s "second home market". Citing cost and complexity of a multi-market presence, Collardi predicted 381: 226: 730:
announced that Collardi had taken a 3.6% stake in the bank and would join its board of directors.
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from May 2009 until his unexpected resignation and move to competitor Pictet in November 2017.
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EXCLUSIVE: BORIS COLLARDI SPEAKS FOR THE FIRST TIME SINCE HIS DEPARTURE FROM JULIUS BAER (1/2)
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major from the Cessouest School in 1993. Subsequently, he joined the Career Start Program at
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describes what followed as "an aggressive, acquisitive expansion". At the end of 2009, the
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Boris Collardi, effective immediately, due to his decision to take on a new position as
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and its potential to improve transactional products and services, such as international
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was generally considered to be in good shape by the company chairman Daniel Sauter,
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In April 2022, some eight months after his resignation from Pictet, private bank
595:. There was speculation at the time as to Hodler being the intended successor to 1024:"Julius Baer CEO says Asia revenue may excede [sic] Europe's in 5 years" 667: 512: 488: 456: 374: 366: 358: 338: 326: 318: 304: 279: 345:’s international wealth business in 2013 marked the largest single increase in 1184:"Switzerland's third-largest publicly traded private bank loses CEO to Pictet" 600: 524: 500: 378: 370: 362: 206: 511:
trading. He reaffirmed this stance two years later, saying the execution and
1339:"Two former Julius Baer CEOs reprimanded following money laundering inquiry" 1057: 945: 639: 520: 436: 234: 230: 1083: 480: 146: 1438:"Inside Pictet, the Secretive Swiss Bank for the World's Richest People" 455:’s structure was divided into five markets with independent leadership: 1299: 1240: 1027: 775: 416: 942:"Julius Baer: What's behind Boris Collardi's surprise move to Pictet?" 435:), or achieve the critical mass to be able to afford an international 24: 1210:"JULIUS BAER STRENGTHENS RISK GOVERNANCE WITH EXECUTIVE APPOINTMENTS" 662:, Collardi has assumed the role of partner alongside Nicolas Pictet, 460: 214: 130: 1392:"Boris Collardi Leaves Millions on the Table After Julius Baer Exit" 1080:"Interview: Julius Baer's CEO on Banks Middle East Growth Ambitions" 499:
interview. Going forward, however, he expressed his enthusiasm for
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and the abrupt departure were considered risk factors towards the
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may have been created or edited in return for undisclosed payments
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had been a "late adopter" of technological advancements during a
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as well as media outlets, his strong leadership position in the
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will shift from transaction execution, which becomes a low-cost
492: 464: 452: 447: 408: 404: 354: 314: 202: 171: 1415:"Private Banker Boris Collardi Waves Goodbye to the Red Carpet" 233:, he worked his way through the ranks, including two stints in 711: 592: 588: 540: 142: 18: 1321:"Ex-Julius Baer CEO Collardi Reprimanded in Laundering Probe" 1266:"Swiss Private Banking World Stunned as Baer CEO Joins Rival" 591:, effective 1 April 2018, with Hodler becoming deputy to the 217:. From 1995 until 2006 he was active in various functions at 1508:"Star Banker Collardi's Past Raises Tensions at Bank Pictet" 772:"Julius Baer CEO Collardi quits suddenly to take Pictet job" 395:
Kairos following in 2016. In 2015, Jimmy Lee was hired from
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Winters, Patrick; Foerster, Jan-Henrik (27 November 2017).
1365:"Boris Collardi to join Pictet as new Partner by mid-2018" 1296:"Julius Baer CEO sees more consolidation in Swiss banking" 40:. It may require cleanup to comply with Knowledge (XXG)'s 1054:"Private banking: Julius Baer's wealth-gathering machine" 1018: 1016: 996:"Julius Baer in the Middle East: Finding a new footing" 1294:
Franklin, Joshua; Gruber, Angelika (14 January 2016).
1047: 1045: 686:’s reserved attitude regarding public commentary, the 702:’s presence is comparatively small at US$ 36 billion 1235:
Gruber, Angelika; Shields, Michael (11 April 2018).
1237:"Julius Baer CEO to lead bank for years - chairman" 123: 106: 84: 68: 539:valuation was roughly double that of local rivals 1552:"Boris Collardi Resurfaces at Swiss Private Bank" 1107:Julius Baer CEO: Blockchain will be a gamechanger 1526:"Private Banker Boris Collardi: Double the Risk" 935: 933: 931: 929: 599:Daniel Sauter, who would be hitting the 12-year 1259: 1257: 909:"Julius Baer Loses CEO and Some of Its Luster" 902: 900: 898: 8: 851:"Julius Baer Appoints Boris Collardi As CEO" 237:, before taking the role of private banking 407:expansion, with the target of becoming the 293:as "one of the premier addresses in global 487:planned to invest several hundred million 76: 65: 797:"Boris Collardi - Munzinger Biographie" 739: 357:in first place followed closely by the 994:Derhally, Massoud A. (10 March 2013). 635:since taking over the realms in 2009. 249:and head of special projects in 2004. 1078:Corcoran, Adrian (30 December 2014). 694:. Collardi's extensive experience in 642:by Switzerland's financial regulator 241:in 2003 and becoming private banking 7: 1436:Helftermeyer, Marion (11 May 2021). 907:Davies, Paul J. (27 November 2017). 1486:"Pictet Braces for Collardi Breeze" 749:"Top Pictet Private Banker Resigns" 285:company, in 2005. The publication " 270:following its acquisition of three 36:, a violation of Knowledge (XXG)'s 1463:"Boris Collardi Explains His Exit" 1132:Boris Collardi (24 January 2018). 174:who used to serve as a partner at 14: 1390:Bart, Katharina (19 March 2018). 1104:Boris Collardi (6 October 2016). 1052:Avery, Helen (27 November 2017). 940:Avery, Helen (27 November 2017). 770:Miller, John (27 November 2017). 690:has conceded its need to grow in 587:by Oliver Bartholet, coming from 559:announced the resignation of its 23: 1484:Advani, Shruti (27 June 2018). 1413:Bart, Katharina (28 May 2018). 747:Advani, Shruti (13 June 2018). 714:, makes him a good fit for the 1: 1162:"Julius Baer's Tech Road Mao" 373:business were acquired, with 262:In 2006, Collardi joined the 161:Boris Francesco Jean Collardi 89:Boris Francesco Jean Collardi 1142:. Event occurs at 6:00-9:30 622:and mid-term success of the 575:Bernhard Hodler assumed the 1190:. Reuters. 27 November 2017 341:in October 2017. Acquiring 1620: 333:has more than doubled its 201:Boris Collardi grew up in 16:Swiss-Italian bank manager 1465:. finews. 19 January 2018 1164:. finews. 1 February 2018 163:(born 17 July 1974) is a 75: 1188:The National (Abu Dhabi) 913:The Wall Street Journal 829:Swiss Finance Institute 571:, a direct competitor. 337:, totaling 393 billion 335:assets under management 323:assets under management 311:The Wall Street Journal 205:, where he obtained an 1599:Swiss chief executives 638:In 2021, Collardi was 597:Chairman of the Board 555:On 27 November 2017, 325:, 80% were booked in 46:neutral point of view 1604:Credit Suisse people 1140:CNNMoney Switzerland 189:in 2006, he was the 178:. Having joined the 1216:. 22 September 2017 1030:. 22 September 2016 877:"Boris FJ Collardi" 579:position, with the 227:Investment Research 221:. Commencing as an 1371:. 27 November 2017 1327:. 21 January 2021. 967:"Curriculum Vitae" 822:"Curriculum Vitae" 626:. Key shareholder 585:chief risk officer 573:Chief Risk Officer 1345:. 21 January 2021 1214:Julius Baer Group 728:EFG International 698:, a region where 628:Harris Associates 299:Julius Baer Group 295:wealth management 158: 157: 150:Julius Baer Group 62: 61: 1611: 1568: 1567: 1565: 1563: 1548: 1542: 1541: 1539: 1537: 1522: 1516: 1515: 1504: 1498: 1497: 1495: 1493: 1481: 1475: 1474: 1472: 1470: 1459: 1453: 1452: 1450: 1448: 1433: 1427: 1426: 1424: 1422: 1410: 1404: 1403: 1401: 1399: 1387: 1381: 1380: 1378: 1376: 1369:The Pictet Group 1361: 1355: 1354: 1352: 1350: 1335: 1329: 1328: 1317: 1311: 1310: 1308: 1306: 1291: 1285: 1284: 1282: 1280: 1261: 1252: 1251: 1249: 1247: 1232: 1226: 1225: 1223: 1221: 1206: 1200: 1199: 1197: 1195: 1180: 1174: 1173: 1171: 1169: 1158: 1152: 1151: 1149: 1147: 1138:(TV Interview). 1129: 1123: 1122: 1120: 1118: 1110:(TV Interview). 1101: 1095: 1094: 1092: 1090: 1075: 1069: 1068: 1066: 1064: 1049: 1040: 1039: 1037: 1035: 1020: 1011: 1010: 1008: 1006: 1000:Arabian Business 991: 985: 984: 982: 980: 971: 963: 957: 956: 954: 952: 937: 924: 923: 921: 919: 904: 893: 892: 890: 888: 873: 867: 866: 864: 862: 855:Global Custodian 847: 841: 840: 838: 836: 826: 818: 812: 811: 809: 807: 801:www.munzinger.de 793: 787: 786: 784: 782: 767: 761: 760: 758: 756: 744: 664:Renaud de Planta 648:money laundering 620:market valuation 569:The Pictet Group 479:when evaluating 473:emerging markets 421:asset management 351:emerging markets 317:had 150 billion 287:Global Custodian 283:asset management 264:Julius Baer Bank 137:The Pictet Group 102: 98: 96: 80: 66: 57: 54: 42:content policies 27: 19: 1619: 1618: 1614: 1613: 1612: 1610: 1609: 1608: 1574: 1573: 1572: 1571: 1561: 1559: 1558:. 29 April 2022 1550: 1549: 1545: 1535: 1533: 1524: 1523: 1519: 1514:. 4 March 2020. 1506: 1505: 1501: 1491: 1489: 1483: 1482: 1478: 1468: 1466: 1461: 1460: 1456: 1446: 1444: 1435: 1434: 1430: 1420: 1418: 1412: 1411: 1407: 1397: 1395: 1389: 1388: 1384: 1374: 1372: 1363: 1362: 1358: 1348: 1346: 1337: 1336: 1332: 1319: 1318: 1314: 1304: 1302: 1293: 1292: 1288: 1278: 1276: 1263: 1262: 1255: 1245: 1243: 1234: 1233: 1229: 1219: 1217: 1208: 1207: 1203: 1193: 1191: 1182: 1181: 1177: 1167: 1165: 1160: 1159: 1155: 1145: 1143: 1131: 1130: 1126: 1116: 1114: 1103: 1102: 1098: 1088: 1086: 1077: 1076: 1072: 1062: 1060: 1051: 1050: 1043: 1033: 1031: 1022: 1021: 1014: 1004: 1002: 993: 992: 988: 978: 976: 969: 965: 964: 960: 950: 948: 939: 938: 927: 917: 915: 906: 905: 896: 886: 884: 883:. 16 March 2010 875: 874: 870: 860: 858: 857:. 31 March 2009 849: 848: 844: 834: 832: 824: 820: 819: 815: 805: 803: 795: 794: 790: 780: 778: 769: 768: 764: 754: 752: 746: 745: 741: 736: 656: 553: 505:money transfers 497:Financial Times 477:risk management 433:private banking 384:and a majority 260: 255: 199: 154: 119: 100: 94: 92: 91: 90: 71: 58: 52: 49: 44:, particularly 28: 17: 12: 11: 5: 1617: 1615: 1607: 1606: 1601: 1596: 1591: 1586: 1576: 1575: 1570: 1569: 1543: 1532:. 29 June 2020 1517: 1499: 1476: 1454: 1428: 1405: 1382: 1356: 1330: 1312: 1286: 1253: 1227: 1201: 1175: 1153: 1124: 1096: 1070: 1041: 1012: 986: 958: 925: 894: 868: 842: 813: 788: 762: 738: 737: 735: 732: 655: 652: 552: 549: 517:value creation 444:organic growth 329:. Since then, 259: 256: 254: 251: 198: 195: 156: 155: 153: 152: 139: 133: 127: 125: 121: 120: 118: 117: 114: 110: 108: 104: 103: 88: 86: 82: 81: 73: 72: 70:Boris Collardi 69: 60: 59: 31: 29: 22: 15: 13: 10: 9: 6: 4: 3: 2: 1616: 1605: 1602: 1600: 1597: 1595: 1594:Swiss bankers 1592: 1590: 1587: 1585: 1584:Living people 1582: 1581: 1579: 1557: 1553: 1547: 1544: 1531: 1527: 1521: 1518: 1513: 1512:Bloomberg.com 1509: 1503: 1500: 1487: 1480: 1477: 1464: 1458: 1455: 1443: 1442:Bloomberg.com 1439: 1432: 1429: 1417:. finews asia 1416: 1409: 1406: 1393: 1386: 1383: 1370: 1366: 1360: 1357: 1344: 1340: 1334: 1331: 1326: 1325:Bloomberg.com 1322: 1316: 1313: 1301: 1297: 1290: 1287: 1275: 1271: 1270:Bloomberg.com 1267: 1260: 1258: 1254: 1242: 1238: 1231: 1228: 1215: 1211: 1205: 1202: 1189: 1185: 1179: 1176: 1163: 1157: 1154: 1141: 1137: 1136: 1128: 1125: 1113: 1109: 1108: 1100: 1097: 1085: 1081: 1074: 1071: 1059: 1055: 1048: 1046: 1042: 1029: 1025: 1019: 1017: 1013: 1001: 997: 990: 987: 975: 968: 962: 959: 947: 943: 936: 934: 932: 930: 926: 914: 910: 903: 901: 899: 895: 882: 878: 872: 869: 856: 852: 846: 843: 830: 823: 817: 814: 802: 798: 792: 789: 777: 773: 766: 763: 750: 743: 740: 733: 731: 729: 724: 721: 717: 713: 709: 708:Julius Baer's 705: 701: 697: 693: 689: 685: 680: 678: 673: 669: 665: 661: 653: 651: 649: 645: 641: 636: 634: 629: 625: 621: 617: 613: 609: 604: 602: 598: 594: 590: 586: 582: 578: 574: 570: 566: 562: 558: 550: 548: 546: 545:Credit Suisse 542: 538: 537:price-to-book 534: 530: 526: 522: 518: 514: 510: 506: 502: 498: 494: 490: 486: 482: 478: 474: 470: 469:Latin America 466: 462: 458: 454: 449: 445: 441: 438: 434: 430: 426: 422: 418: 414: 413:private banks 410: 406: 402: 399:to spearhead 398: 397:Credit Suisse 394: 393:asset manager 391: 387: 383: 380: 376: 372: 368: 364: 360: 356: 352: 348: 344: 343:Merrill Lynch 340: 336: 332: 328: 324: 320: 316: 312: 308: 306: 303: 300: 296: 292: 288: 284: 281: 277: 273: 272:private banks 269: 265: 257: 252: 250: 248: 244: 240: 236: 232: 228: 224: 220: 219:Credit Suisse 216: 212: 211:Credit Suisse 208: 204: 196: 194: 192: 188: 184: 181: 177: 173: 170: 166: 162: 151: 148: 144: 140: 138: 134: 132: 129: 128: 126: 122: 115: 112: 111: 109: 105: 101:(age 50) 87: 83: 79: 74: 67: 64: 56: 47: 43: 39: 35: 32:This article 30: 26: 21: 20: 1560:. 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In 2014, 359:Middle East 331:Julius Baer 327:Switzerland 305:Alex Widmer 291:Julius Baer 253:Julius Baer 197:Early years 180:Julius Baer 124:Occupations 107:Nationality 1578:Categories 1556:finews.com 734:References 606:While the 601:term limit 525:Luxembourg 501:blockchain 429:investment 425:commercial 379:Luxembourg 371:Luxembourg 363:Bank Leumi 207:accounting 95:1974-07-17 1274:Bloomberg 1058:Euromoney 946:Euromoney 521:commodity 481:takeovers 437:pure-play 235:Singapore 229:Group in 53:July 2021 1488:. finews 1394:. finews 1084:LinkedIn 751:. finews 720:Pictet's 682:Despite 612:analysts 382:division 147:chairman 135:partner 1492:8 March 1469:8 March 1447:15 June 1421:8 March 1398:8 March 1375:8 March 1349:16 June 1343:Reuters 1305:8 March 1300:Reuters 1279:8 March 1246:8 March 1241:Reuters 1220:9 March 1194:8 March 1168:8 March 1146:8 March 1117:8 March 1089:8 March 1063:8 March 1034:8 March 1028:Le News 1005:8 March 979:8 March 951:8 March 918:8 March 887:8 March 861:8 March 835:8 March 806:21 June 781:8 March 776:Reuters 755:8 March 646:over a 565:partner 417:banking 390:Italian 353:, with 225:in the 223:analyst 169:Italian 141:former 116:Italian 1562:22 May 1536:5 July 831:. 2014 700:Pictet 684:Pictet 660:Pictet 654:Pictet 461:Europe 231:Zürich 215:Geneva 172:banker 131:Banker 970:(PDF) 825:(PDF) 644:FINMA 448:Asian 405:Asian 386:stake 367:Swiss 280:Swiss 247:EMENA 165:Swiss 113:Swiss 1564:2022 1538:2021 1494:2019 1471:2019 1449:2021 1423:2019 1400:2019 1377:2019 1351:2021 1307:2019 1281:2019 1248:2019 1222:2019 1196:2019 1170:2019 1148:2019 1119:2019 1112:CNBC 1091:2019 1065:2019 1036:2019 1007:2019 981:2019 953:2019 920:2019 889:2019 863:2019 837:2019 808:2021 783:2019 757:2019 716:bank 696:Asia 692:Asia 688:bank 631:for 624:bank 616:bank 608:bank 581:bank 543:and 533:bank 529:Asia 527:and 493:bank 471:and 465:Asia 453:bank 431:and 409:bank 369:and 355:Asia 315:bank 278:, a 274:and 203:Nyon 145:and 85:Born 712:USD 704:AUM 672:AUM 670:in 658:At 593:CEO 589:UBS 577:CEO 567:of 561:CEO 541:UBS 535:’s 507:or 403:’s 388:in 377:’s 365:’s 347:AUM 321:in 302:CEO 276:GAM 268:COO 266:as 245:of 243:COO 239:CFO 213:in 191:CEO 187:COO 185:as 143:CEO 48:. 1580:: 1554:. 1528:. 1510:. 1440:. 1367:. 1341:. 1323:. 1298:. 1272:. 1268:. 1256:^ 1239:. 1212:. 1186:. 1082:. 1056:. 1044:^ 1026:. 1015:^ 998:. 972:. 944:. 928:^ 911:. 897:^ 879:. 853:. 827:. 799:. 774:. 547:. 467:, 463:, 459:, 427:, 423:, 97:) 1566:. 1540:. 1496:. 1473:. 1451:. 1425:. 1402:. 1379:. 1353:. 1309:. 1283:. 1250:. 1224:. 1198:. 1172:. 1150:. 1121:. 1093:. 1067:. 1038:. 1009:. 983:. 955:. 922:. 891:. 865:. 839:. 810:. 785:. 759:. 419:( 167:- 93:( 55:) 51:(

Index


terms of use
content policies
neutral point of view

Banker
The Pictet Group
CEO
chairman
Julius Baer Group
Swiss
Italian
banker
Pictet Group
Julius Baer
Private Bank
COO
CEO
Nyon
accounting
Credit Suisse
Geneva
Credit Suisse
analyst
Investment Research
Zürich
Singapore
CFO
COO
EMENA

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