Julius Baer CEO Steps Down in Wake of Signa Exposure -- Update
By Ed Frankl Julius Baer Group said its chief executive officer will step down after it reported major losses related to its exposure to Austria's Signa...
Source: marketwatch.com
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Julius Baer CEO exits bank over losses on private loans to bankrupt property firm Signa
The Swiss bank said it lost CHF 596 million ($678 million) on private loans to the Austrian real estate company
Source: marketwatch.com
The New UBS Is a Wealth Management Behemoth. That's a Risk.
Before the lightning takeover of Credit Suisse, UBS was a top global wealth manager. With Credit Suisse, it’s much larger. That’s a strength and a risk, as rivals move to poach the best advisors and ultrawealthy clients.
Source: barrons.com
GAM forecasts loss after 'very challenging' 2020
Financial News GAM forecasts loss after ‘very challenging’ 2020 The expected net loss comes as GAM said the final three months of 2020 saw its investment management business post net inflows, the first positive flows since the beginning of 2018 By Monday January 18, 2021 11:00 am GAM, the Swiss asset manager which has struggled to stem investor outflows since sacking of star fund manager Tim Haywood two years ago, has said withdrawals from its funds are slowing but that it expects to report a loss for last year. The Zurich-headquartered firm said the forecast net loss of CHF380m ...
Source: fnlondon.com