Julius Baer Finance Chief Evie Kostakis to Step Down
Julius Baer, a Swiss bank, announced on Friday that its finance chief, Evie Kostakis, will be stepping down later this year. According to the source, Kostakis is pursuing another international leadership opportunity but will continue in her role until the end of the year.
Evie Kostakis’ Contributions
Kostakis joined Julius Baer in 2013 as a managing director and steadily rose through the ranks. She became the deputy CFO in 2020 and assumed the role of CFO in 2022. The CEO of Julius Baer, Stefan Bollinger, praised Kostakis for her significant contributions to the bank’s success.
Bollinger stated, “[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 organization. Evie’s steadfast leadership has been crucial in re-positioning Julius Baer for long-term success.”
Since taking the helm at Julius Baer early last year, Bollinger expressed his gratitude for Kostakis’ support and guidance in navigating the challenges faced by the bank.
Challenges Faced by Julius Baer
Julius Baer has been in recovery mode following a series of setbacks that began in 2023. The bank suffered significant losses due to a $700 million exposure to now-bankrupt Austrian property magnate René Benko and his real estate firm, Signa Holding. These losses prompted an enforcement assessment by Swiss regulator FINMA, which is still in effect.
In May 2025, Julius Baer reported a $156 million credit charge, followed by an additional $184 million in losses six months later, as reported by Reuters. The bank has been actively seeking Kostakis’ successor for several weeks, as per a report by Reuters.
Despite these challenges, Julius Baer remains committed to overcoming its obstacles and ensuring its long-term success in the financial industry.
