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| Boris Collardi leaves Julius Baer for Pictet |
What a difference a week makes. Last Monday, Boris Collardi was delivering the news that Julius Baer, the company of which he was at the helm, had seen its assets rise 17% this year and hit a record SFr393 billion ($397 billion).
This Monday, he announced he would be leaving to join rival Pictet.
To many of those in the industry there was no signal that Collardi was intending to leave – but one banker points out that when Julius Baer appointed a new deputy CEO in September alarm bells did start to sound.
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