Julius Baer is poaching Credit Suisse's head of sustainable investing. The Swiss banker will maintain close ties to CEO Philipp Rickenbacher.
The Swiss wealth manager is hiring Yvonne Suter as its head of corporate sustainability and responsible investment, effective immediately, it said in a statement on Monday. Suter is a 14-year veteran of Credit Suisse, where she was most recently ran the Swiss bank's sustainable investment arm.
Suter will report directly to CEO Philipp Rickenbacher, as well as to Julius Baer's sustainability board – which is overseen by Rickenbacher himself. She will be tasked with honing the Zurich-based bank's strategy for sustainable and responsible investing, a buzzword for the wider wealth management industry at the moment.
«This will further enable us to meet the ever-increasing demands in all aspects of sustainability: economic, social, as well as environmental,» Rickenbacher said. The 43-year-old Suter sits in local government in St. Gallen, where she is vice-president of the canton's finance commission.
