Julius Baer Pair Rakes In $120 Million in 9 Months

Published February 18, 2008, 5:22 p.m. EST

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Updated February 19, 2008, 5:22 p.m. EST

1 Min Read

Two senior-level executives with Julius Baer earned compensation packages worth $120 million in the first nine months of 2007, according to a regulatory filing.

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Richard Pell, CEO and CIO of the investment management unit, and Rudolph-Riad Younes, head of international equity, together earned compensation packages worth $120 million for the first three quarters of last year. This caused pretax earnings to be reduced by 57% to $92 million, according to one analyst the details of the payouts were revealed in an SEC filing the Swiss firm filed to divest its U.S. asset management unit.

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