The departing CFO will remain with the bank until the year-end to ensure a smooth handover of roles.

The chief financial officer of Julius Baer, Evie Kostakis, is stepping down to pursue “another leadership opportunity,” the Zurich-listed bank said on Friday.

Succession planning is underway, and Kostakis’ successor will be announced in due course. Kostakis will remain with Julius Baer until the end of this year to ensure a smooth transition with her designated successor.

Kostakis has served in the role at a time when the bank has been through a period of restructuring and change under CEO Stefan Bollinger, who recently marked his first full year in the post. The bank was hit in 2023 by more than SFr606 million ($769 million) in credit losses. In February 2025, Bollinger cut the executive board from 12 to five, among other changes.

“Over her 13 years at Julius Baer, the last six of which as deputy CFO and, since 2022, group CFO, she has been instrumental in driving our strategic footprint optimisation, 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,” Bollinger said. “Evie’s steadfast leadership has been crucial in re-positioning Julius Baer for long-term success.”

“On a personal note, I want to share my appreciation for her support and guidance since I joined Julius Baer. On behalf of the executive board and the board of directors, I would like to thank her and wish her all the best for her next chapter,” Bollinger added. 

The bank issued its 2025 financial results here and annual report here.