Bernhard Hodler's Shadow Boxing

Bernhard Hodler's Shadow Boxing

«Pictet has a bit different unique selling proposition and a different platform. Of course we respect them, but we have lots of other competitors apart from Pictet,» Hodler said. «What we have to make sure is that we have a strong platform, and also we have to treat our people well, and we’re very confident there.»

The bank has had an early-warning system for the last two years which attempts to identify when bankers are at risk of departing, and taking assets with them. The system hasn't raised alarm since Collardi's exit, finance chief Dieter Enkelmann told finews.asia, and this the bank hasn't paid out any incentives to stay.

«Plan B»

Hodler's only stumble was when he was asked – repeatedly – about the deliberate ambiguity of his November appointment, which followed a hectic weekend of boardroom scrambling when Collardi disclosed his departure.

The new CEO failed to diffuse speculation that he is merely a stop-gap until Julius Baer has settled on a long-term CEO, a perception the bank itself first sowed. Hodler has told associates he is in for the long haul, finews.asia reported, but in his first media appearance he was cagey about ensuring he will stick around.

At first, he merely said that he had the full support of the board. Asked how long he planned to enjoy it, Hodler said «The board always has to have a Plan B, and I hope they have one now in case I get run over by a tram.»