The announcement by Julius Baer this week that it had hired five senior bankers ...
ZURICH/HONG KONG - The announcement by Julius Baer this week that it had hired five senior bankers from Credit Suisse underscores the challenge facing Chief Executive Tidjane Thiam as he seeks to reassure staff and investors in the wake of a spying scandal.
The team joining Julius Baer had left Credit Suisse before the espionage scandal broke but the debacle and the bank’s efforts to draw a line under it have enthused rivals to accelerate their poaching efforts, headhunters say. Credit Suisse declined to comment on the staff departures and any measures it was deploying to retain top talent.
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