Julius Baer to cut 300 jobs after 2019 profit drop
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ZURICH (Reuters) - Julius Baer will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a double-digit percentage earnings fall during 2019.The private bank wants to boost profitability with a new three-year strategy to deal with continued margin pressures, Chief Executive Philipp Rickenbacher told journalists on a call.The Zurich-based lender aims to improve its adjusted cost-income ratio to 67% by 2022, better than its..