According to the bank, CFO Evie Kostakis will be stepping down from her role to pursue another international leadership opportunity following an orderly transition, expected for the second half of the year.

Evie Kostakis took on the job in 2022, while Julius Baer’s management team underwent extensive change over the past two years. The Swiss bank underwent a string of painful losses and writedowns during that period.

In Julius Baer’s annual reports for 2022 and 2023, the bank stated that the CFO was responsible for overseeing credit risk during a challenging period.

In 2023, Julius Baer got hammered with ⁠the fallout from the collapse of Austrian property tycoon Rene Benko’s Signa group, leading the bank to post loan losses of 586 million Swiss francs (USD 742 million) in early 2024.

Julius Baer, as of April 2026, has remained under an enforcement assessment by the Swiss financial market regulator FINMA over the Signa losses. The private banker has been prohibited from announcing new share buybacks.

The bank ousted CEO Philipp Rickenbacher, replacing him with outsider Stefan Bollinger, a Goldman Sachs banker who took over in January 2025. Longstanding chairman Romeo Lacher followed suit, immediately ⁠after Bollinger’s arrival. Ex-HSBC boss Noel Quinn replaced Lacher.

Then, in May 2025, Baer’s chief risk officer, Oliver Bartholet, announced his retirement, as the venture revealed a 130-million-franc credit charge after ⁠reviewing its credit portfolio.

In November last year, the bank announced further losses of 149 million francs, writing down loan positions in its real estate book, saying they no longer fit with the operational strategy. While stating that its full-year profit for 2025 would fall below 2024’s levels, Julius Baer said CEO Bollinger and Chairman Quinn were steering the bank back towards pure wealth management, in a major policy realignment.

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