ZURICH (Reuters) - Julius Baer chief executive Philipp Rickenbacher is set to step down, a source with knowledge of the matter said on Wednesday, as the Swiss wealth manager deals with the fallout from its exposure to collapsed property group Signa.
Board-level discussions on Rickenbacher's future are ongoing, the source added, speaking on the condition of anonymity.
Rickenbacher did not immediately respond to requests for comment. A spokesperson for Julius Baer declined to comment.
Reuters could not immediately establish how Rickenbacher may be replaced.
(Reporting by Oliver Hirt and Noele Illien; additional reporting by Elisa Martinuzzi. Editing by Tommy Reggiori Wilkes)
By Oliver Hirt and Noele Illien
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Mr. Philipp Rickenbacher is a Chief Executive Officer at Bank Julius Baer & Co. Ltd., at Bank Julius Bär & Co. AG, at Julius Bär Gruppe AG, at Bank Julius Baer & Co. AG (Guernsey Branch) and a Head-Intermediaries & Global Custody at Bank Julius Baer & Co. Ltd. /CH/. He is on the Board of Directors at Association of Swiss Asset & Wealth Management Banks, Bank Julius Baer & Co. Ltd., and Swiss Bankers Association. From January 2019 till the end of August 2019 he was a Head Intermediaries & Global Custody and a Member of the Executive Board. He started his career at Union Bank of Switzerland. From 2008 to 2009 he was working at GAM (Switzerland) AG. He holds a Master of Science (M.Sc.) in Biotechnology from the Swiss Federal Institute of Technology (ETH), Zurich.
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Bank Julius Bär & Co. AG
 Bank Julius Bär & Co. AG Investment ManagersFinance Bank Julius Bär & Co. AG (BJB) is the private banking subsidiary of Julius Bär Gruppe AG (SWX: BAER) in Switzerland. Headquartered in Zurich, BJB was founded in 1890 and provides personal wealth management advice to private clients and family offices. | Chief Executive Officer |
| Bank Julius Baer & Co. AG (Guernsey Branch) | Chief Executive Officer |
