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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
A significant personnel change is causing a stir in the Swiss banking sector as a former head of Julius Baer in Eastern Switzerland, along with his team, has joined LGT, a bank based in Liechtenstein.
Expansion into the Swiss Market
This move indicates LGT’s expansion into the Swiss market, with the task of establishing the bank’s presence in St. Gallen, Thurgau, the Rhine Valley, and Appenzell entrusted to the team.
The departure of this group from Julius Baer has raised concerns within the company, posing challenges for the management.
Industry Speculation
This departure coincides with uncertainty surrounding the appointment of a new CEO at Julius Baer, leading to industry speculation.
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