Julius Baer's Interim CEO Receives $6.6 Million in 2024

Swiss private bank Julius Baer revealed in its annual report on Monday that it granted its ad interim chief executive officer, Nic Dreckmann, a total pay package of 5.8 million Swiss francs ($6.56 million) in 2024. In the previous year, Dreckmann's predecessor, Philipp Rickenbacher, received a compensation of 1.7 million Swiss francs due to significant losses the Swiss bank incurred from its involvement with the collapsed property group Signa. ( $1 = 0.8840 Swiss francs)