financetom
Business
financetom
/
Business
/
Julius Baer poised to name ex-HSBC CEO Noel Quinn as new chair, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Julius Baer poised to name ex-HSBC CEO Noel Quinn as new chair, source says
Feb 28, 2025 9:04 AM

Feb 28 (Reuters) - Swiss bank and wealth manager Julius

Baer is close to appointing former HSBC CEO

Noel Quinn as its next chairman, a person familiar with the

matter said on Friday.

A spokesperson for Julius Baer declined to comment.

Quinn could not immediately be reached for comment.

In January, Julius Baer chairman Romeo Lacher said he was

stepping down as the bank continued a management shake-up that

began a year earlier when it suffered major losses from exposure

to collapsed property group Signa.

Quinn announced he was leaving HSBC in April last year. He

oversaw a raft of asset sales, navigated the global pandemic and

a push by rebel investors to break up the bank, guiding the

lender to a record profit.

The news of his impending appointment to chair Julius Baer

was earlier reported by U.S. news agency Bloomberg.

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 >
SAP sees higher operating profit, cloud revenue growth in 2025
SAP sees higher operating profit, cloud revenue growth in 2025
Jan 27, 2025
Jan 28 (Reuters) - SAP, Europe's largest software maker, said on Tuesday it was more optimistic about its financial results this year due to accelerating growth in revenue from cloud computing. The group said it expects operating profit in 2025, on a constant currency basis, to be between 10.3 billion euros and 10.6 billion euros ($10.75 billion - $11.06 billion)....
Smithfield Foods prices IPO below range in US market comeback
Smithfield Foods prices IPO below range in US market comeback
Jan 27, 2025
(Reuters) - Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder. The IPO valued the pork producer at $7.95 billion, ahead of a market debut that will see the company return to a U.S. exchange after more than...
Currency market whiplashed on tariff, DeepSeek concerns
Currency market whiplashed on tariff, DeepSeek concerns
Jan 27, 2025
TOKYO (Reuters) -The dollar firmed against the yen and euro on Tuesday on new U.S. tariff threats, giving traders little time to catch their breath after Monday's big risk-off moves on concerns that U.S. dominance in artificial intelligence technology may be wavering. Any market relief that President Donald Trump stopped short of hiking tariffs on U.S. trading partners immediately after...
OpenAI asks Indian court to throw out book publishers challenge in copyright battle
OpenAI asks Indian court to throw out book publishers challenge in copyright battle
Jan 27, 2025
* OpenAI filing says publishers body's case should be dismissed * OpenAI denies using original literary work in training its large language model By Arpan Chaturvedi and Aditya Kalra NEW DELHI, Jan 28 (Reuters) - OpenAI has asked an Indian court to quash a plea by a group representing Indian and global book publishers that accuse it of copyright breaches,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved