2.0
Aug 14, 2017
Anonymous employee
Former employee, more than 8 years
Recommend
CEO approval
Business Outlook
Pros
Julius Baer has accomplished much in the past 10-15 years and completely reshaped into the third largest private bank in Switzerland. Whilst it was smaller (less than 3000 employees), senior management made a significant effort to know most staff, and there was a great team feel to the organisation
Cons
Regular reorganisations to continue the illusion of growth, and hide the dead bodies (exited senior management, IT costs spiralling out of control, lack of profit [or losses] from acquisitions). Concentration risk of board members who are (seemingly) powerless to oppose or challenge the decisions of CEO, allowing BC to perpetuate his own interests (personal as well as professionally).