By Oliver Hirt and Noele Illien
ZURICH (Reuters) – Julius Baer chief executive Philipp Rickenbacher is set to step down, a source with knowledge of the matter said on Wednesday, as the Swiss wealth manager deals with the fallout from its exposure to collapsed property group Signa.
Board-level discussions on Rickenbacher’s future are ongoing, the source added, speaking on the condition of anonymity.
Rickenbacher did not immediately respond to requests for comment. A spokesperson for Julius Baer declined to comment.
Reuters could not immediately establish how Rickenbacher may be replaced.
(Reporting by Oliver Hirt and Noele Illien; additional reporting by Elisa Martinuzzi. Editing by Tommy Reggiori Wilkes)
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