![]() ![]() and its affiliates(“Julius Baer”), a third party research producer, any of their representatives, directors, employees nor any other entities involved with Julius Baer or a third party research producer make any representations or warranties, expressed or implied, with respect to the completeness or accuracy of any of the information contained in this document or any other information (whether communicated in written or oral form) made available to you. The information herein is provided to you solely at your request and is not intended to be either an offer, sale, or invitation for subscription or purchase of any regulated products in Thailand or a solicitation to use Julius Baer's services or the third party research producer’s services in any way. No part of this Research may be reproduced, modified, distributed, sold, stored in a retrieval system or transmitted in any form or by any means, mechanical, photocopying, recording or otherwise or used commercially without the prior permission of the copyright-holder. ![]() This Research is prepared and intended for the person specified only. Neither third party research producer, Julius Baer nor SCB-JB nor any of their branches, subsidiaries, affiliates, officers, directors or employees or sources accepts any liability or responsibility in respect of the information or any recommendations expressed herein which are subject to change without notice and may only be correct at the stated date of their issue. and its affiliates (“Julius Baer”), by any of their branches, subsidiaries or affiliates, or their sources, no guarantee, warranty or representation, express or implied, can be given by the same as to the accuracy, adequacy or completeness of the information contained in this Research and neither third party research producer, Julius Baer nor SCB-JB nor any of their respective branches, subsidiaries or affiliates or sources is responsible for any errors or omissions or for results obtained from use of such information. However, because of possible human or mechanical error by a third party research producer, by SCB-JB, by Bank Julius Baer & Co. ($1 = 0.The content of this Research is based upon publicly available sources of information which are believed to be reliable. “The key is that this decision now brings this matter to a close for me.”Ī spokesman for Hodler said he had taken note of the reprimand. “I accept the reprimand that has been issued,” he said in a statement. #Julius baer full“We have full confidence in his work at Pictet,” a spokesman said.Ĭollardi, who was known for his deal-making during his eight years at Julius Baer, said he was pleased the matter was now resolved. Pictet said it stood behind Collardi, who has kept a low profile since he joined the bank in 2018. Julius Baer last year set aside nearly $80 million to cover expected fines arising from the FIFA case after coming to an agreement with the U.S. #Julius baer updateThe bank will give an update on how it has improved its procedures when it announces its annual results on Feb. Article contentĪ spokesman for Julius Baer said the matter related to former employees who have all left the bank. This advertisement has not loaded yet, but your article continues below. Those shortcomings were linked to alleged cases of corruption surrounding Petróleos de Venezuela S.A., a state-owned oil company in Venezuela, and separately corruption at FIFA. Julius Baer, Switzerland’s third-largest bank, was heavily criticized by FINMA last year after the regulator uncovered widespread failings.įINMA ordered the bank to improve its controls and appointed an auditor to oversee the group which it said had fallen “significantly short” in combating money laundering between 2009 and early 2018. He held the post of chief risk officer from 2009 to 2017.Ī reprimand falls short of FINMA’s most severe sanction of banning an executive from working in the financial industry for up to five years. ![]() Hodler led the 131-year-old Zurich bank from 2017 to 2019 before retiring. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. ![]()
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