financetom
Business
financetom
/
Business
/
Julius Baer pays interim CEO $6.6 million in 2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Julius Baer pays interim CEO $6.6 million in 2024
Mar 17, 2025 12:10 AM

(Reuters) - Swiss private bank Julius Baer delivered a total pay package to its ad interim chief executive officer Nic Dreckmann of 5.8 million Swiss francs ($6.56 million) in 2024, the firm said in its annual report on Monday.

In 2023, Dreckmann's predecessor, Philipp Rickenbacher, received compensation of 1.7 million Swiss francs in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa.

($1 = 0.8840 Swiss francs)

(Reporting by Tristan Veyet and Paolo Laudani in Gdansk)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AM Best Comments on Credit Ratings of Farm Bureau Insurance Company of Idaho and Its Subsidiary Following Announced Strategic Acquisition
AM Best Comments on Credit Ratings of Farm Bureau Insurance Company of Idaho and Its Subsidiary Following Announced Strategic Acquisition
Oct 3, 2025
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Farm Bureau Insurance Company of Idaho and its subsidiary, Western Community Insurance Company, collectively referred to as Idaho Farm Bureau, remain unchanged following an announced acquisition under which Mountain West Farm Bureau...
American International Group Likely to Report Stronger Q3 Net Investment Income, Deutsche Bank Says
American International Group Likely to Report Stronger Q3 Net Investment Income, Deutsche Bank Says
Oct 3, 2025
10:01 AM EDT, 10/03/2025 (MT Newswires) -- American International Group ( AIG ) is likely to report stronger Q3 net investment income and lighter catastrophe activity, Deutsche Bank said in a note Friday. Deutsche Bank said it boosted its Q3 estimate for the insurance provider to $1.61 from $1.51 to reflect expectations for stronger net investment income and lighter catastrophe...
Midnight Sun Mining Upsizes Bought-Deal Offering To C$17.5 Million To Advance Zambia Exploration
Midnight Sun Mining Upsizes Bought-Deal Offering To C$17.5 Million To Advance Zambia Exploration
Oct 3, 2025
10:01 AM EDT, 10/03/2025 (MT Newswires) -- Midnight Sun Mining ( MDNGF ) Friday said it amended the terms of its previously announced bought deal LIFE offering and private placement financing to increase the size of the offering to around C$17.5 million from $10 million. Under the terms of the upsized offering, Haywood Securities, as lead underwriter and sole bookrunner,...
BRIEF-White Mountains Insurance Group Ltd To Sell Bamboo To CVC
BRIEF-White Mountains Insurance Group Ltd To Sell Bamboo To CVC
Oct 3, 2025
Oct 3 (Reuters) - White Mountains Insurance Group Ltd ( WTM ) : * WHITE MOUNTAINS INSURANCE GROUP LTD ( WTM ): TO SELL BAMBOO TO CVC * WHITE MOUNTAINS INSURANCE GROUP LTD ( WTM ): TRANSACTION VALUES BAMBOO AT $1.75 BILLION * WHITE MOUNTAINS INSURANCE ( WTM ): TO RETAIN ABOUT 15% FULLY-DILUTED EQUITY STAKE IN BAMBOO POST-CLOSING Source...
Copyright 2023-2026 - www.financetom.com All Rights Reserved