Business · Companies · 11 hrs ago
Julius Baer denies systematically cutting older staff amid anniversary party
Julius Baer held a party marking 40 years of its family office and trust business in Zurich.
The event was planned for about 200 bank executives and guests at a venue on Löwenplatz.
An insider says experienced employees around age 50 are being pushed out of the bank’s wealth-planning work.
The insider alleges that two low annual ratings can lead to dismissal, making job cuts cheaper than early retirement.
Julius Baer says it is not systematically separating from older employees and that the share of staff over 50 has remained stable.
The insider also says cuts are affecting compliance staff, whose work includes monitoring wealth-planning employees.
Julius Baer denied that it systematically removes older employees, saying the share of staff over 50 is stable.
An Inside Paradeplatz report said experienced Wealth Planning employees around 50 had been losing their jobs in recent weeks and months.
The report said the bank was holding a party for 200 executives and guests to mark the 40th anniversary of Julius Baer Family Office & Trust AG Switzerland.
The event was due to take place at Vergani on Zurich’s Löwenplatz from 5:30 p.m. on November 9, 2026.
A Julius Baer spokesperson declined to comment on individual personnel matters.
- Who
- Julius Baer and its employees. The report also refers to an unnamed insider and a Julius Baer spokesperson.
- What
- Julius Baer held an anniversary party as a report alleged that experienced Wealth Planning staff around 50 were being dismissed. The bank denied systematically removing older employees.
- When
- The party was scheduled for November 9, 2026, from 5:30 p.m. The alleged job cuts were said to be happening in recent weeks and months.
- Where
- Vergani at Löwenplatz in Zurich.
- Why
- The party marked the 40th anniversary of Julius Baer Family Office & Trust AG Switzerland. The bank gave no reason for the alleged job cuts.
Julius Baer
Inside Paradeplatz report and its unnamed insider
Systematic treatment of older staff
Julius Baer
The bank said it does not systematically separate from older employees and that the share of staff over 50 is stable.
Inside Paradeplatz report and its unnamed insider
The report said experienced Wealth Planning employees around 50 were losing their jobs.
How dismissals occur
Julius Baer
The bank declined to comment on individual personnel matters.
Inside Paradeplatz report and its unnamed insider
The insider alleged that employees could receive “mostly met” ratings, and that two such ratings usually led to dismissal.
The report said experienced Wealth Planning employees around 50 had been losing their jobs.
Julius Baer was scheduled to hold its 40th-anniversary party at Vergani in Zurich.
- Anniversary
- 40th anniversary of Julius Baer Family Office & Trust AG Switzerland
- Party attendance
- 200 executives and guests
- Venue
- Vergani, Löwenplatz, Zurich
- Party time
- November 9, 2026, from 5:30 p.m.
- Bank’s position
- Share of employees over 50 is stable
What people are saying
Es trifft nicht zu, dass wir uns systematisch von älteren Mitarbeitenden trennen und der Anteil der Mitarbeitenden über 50 Jahre in unserer Belegschaft ist stabil
Wie üblich nehmen wir zu einzelnen Personalangelegenheiten keine Stellung.
The faces have changed, but our values have not.
to what the future holds