Julius Baer Gruppe announced that Dieter Enkelmann is stepping down from his role as Chief Financial Officer and Member of the Group Executive Board. Also, he has already named Evie Kostakis, the current Deputy CFO, as his replacement.
According to a press release shared with Finance Magnates, Dieter Enkelmann, an executive veteran with more than thirty-five years of experience in the Financial Industry, has chosen to step down from his role as CFO at Julius Baer Gruppe, a medium-sized private banking corporation founded and based in Switzerland. He has selected his replacement Evie Kostakis, an executive with two decades of experience in corporate finance, wealth management and management consulting.
Enkelmann plans to move on to other non-executive posts outside the bank when he leaves next year on 1st July 2022. Having completed fifteen years with Julius Baer, he has accomplished a great deal in Zurich.
The company stated: “Following the transition, he will employ his experience in non-executive responsibilities outside Julius Baer.”
Additionally, he presently is a Member of the Board of Directors for Cosmo Pharmaceuticals Spa. Located in Italy, he is also the Head of the Audit Committee, which he has held for approximately sixteen years.
A Glance Back at Enkelmann’s Vocation
Prior to the announcement, Enkelmann served two other companies on their Board of Directors, Innutrigel AG from 2006 to May 2015 and GAM Holding from September 2009 to April 2015 where he was the Chairman of the Compensation Committee.
Earlier in April 2003, Barry Callebaut utilised his skills as the CFO for almost four years.
Moreover, the thirty-five-year veteran joined the ranks of Swiss Re where he took on the responsibilities of CFO of Business Group Financial Services. Two years before, he was promoted from his previous role as Head of Corporate Financial Mgtm and Investor Relations.
Enkelmann’s earliest known position was with Credit Suisse as its Vice President. He had taken charge of Corporate Finance and Capital Markets in Zurich from 1985 to 1990. Then advanced to Credit Suisse First Boston, London, M&A Europe for two years. Finally, he spent the last five years at Credit Suisse, Zürich, M&A Schweiz und Corp Finance.
A Review of Kostakis Vocation
Kostakis has served Julius Baer since January 2020 in Switzerland as the Deputy CFO. She was promoted from Managing Director, Deputy Head of Investment Management, and Head of Alternatives which she fulfilled for almost three years until her promotion. The private bank elevated her from an earlier role as the Managing Director and Senior Advisor of Corporate Development and Strategy.
Concurrently, Kostakis is a Member of the Board of Directors at three different establishments, including SEBA Bank AG, Three Rock Capital and NSC Asesores.
In addition, the National Bank of Greece recruited her in 2009 as the Head of Corporate Finance & Business Development. Part of her duties involved analysis and structuring of M&A and equity capital markets deals, among many others.
Furthermore, she spent two years at Beltest Shipping Ltd as a Portfolio Manager. Also, she was at Eurobank as Head of Investment Strategy; Webster Bank as the Vice President of Investments and CFO; Merrill Lynch Investment Managers as the AVP of Global Strategy Group; Morgan Stanley Asset Management as an Associate, and her first known post as an Associate at Mitchell Madison Group (MMG).
