Stefan Bollinger does not hesitate for long. When the new CEO of Julius Bär needs information, he picks up the phone himself. «If he urgently needs information, don't be surprised if he calls you on a Sunday afternoon,» says someone who prefers to remain anonymous.

No More Bowing Down

This fits in with the new strategy that Bollinger presented in London on June 3, 2025. Julius Bär is aiming for annual net new money growth of 4 to 5 percent by 2028, a cost/income ratio of less than 67 percent and adjusted RoCET1 return of over 30 percent.

In doing so, Bollinger is relying on a flatter management structure and clearer responsibilities – no more cowering.

Consultants Feel the Pressure of Cost Cuts

Additional cost savings of 130 million Swiss francs are intended to further increase efficiency. The leverage is to be applied to material costs in particular.

External consultants are currently feeling the impact. It's become increasingly difficult to reach the new CEO directly. Sources in financial circles say he's now practically unreachable.

Jobs Have Become Scarce

Jobs have also become scarce. Headhunters, in particular, are noticing the change. Since Bollinger took office, only one vacant position has been filled through an external firm – and that was via a company based in London.

According to reports, Bollinger was initially astonished at the number of consultants coming in and out of Julius Baer. He repeatedly complained about this. The new CEO now attaches great importance to solving as much as possible internally.

Even consultants acknowledge his approach. «There's a lot of pressure on Julius Bär. One can only hope that Stefan Bollinger succeeds with his strategy,» says someone well-acquainted with the matter.

You can read more about Julius Bär's strategy here.