Julius Baer finance chief Evie Kostakis will step down later this year, the Swiss bank announced Friday.
Kostakis is pursuing “another international leadership opportunity,” the bank said, but will remain until the end of the year.
Kostakis joined the Swiss lender in 2013 as a managing director and climbed the ranks, becoming deputy CFO in 2020 and the bank’s CFO in 2022.
“[S]he has been instrumental in driving our strategic footprint optimization, improving our operational efficiency, strengthening our investor base, diversifying our funding profile, spearheading technology transformation in the Finance area, and building a best-in-class Finance organisation,” CEO Stefan Bollinger said in a prepared statement. “Evie’s steadfast leadership has been crucial in re-positioning Julius Baer for long-term success.”
Bollinger thanked Kostakis for “her support and guidance” since he took the helm at Julius Baer early last year.
The bank is still in recovery mode from a string of debacles that started in 2023, when its profits took a hit from a $700 million exposure to now-bankrupt Austrian property magnate René Benko and his real estate firm Signa Holding.
Those losses led to an enforcement assessment by Swiss regulator FINMA, which remains in effect.
In May 2025, the bank flagged a $156 million credit charge, Reuters reported; and six months later, reported $184 million in further losses, according to the wire service.
The bank has been on the hunt for Kostakis’ successor for several weeks, a source told Reuters.
