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ZURICH (Reuters) -Julius Baer CEO Philipp Rickenbacher will leave the bank, the Swiss wealth manager said on Thursday, as it reported net credit losses of 586 million Swiss francs ($679 million) linked to its exposure to property and retail giant Signa Holding. The write off was significantly more than the 400 million Swiss franc Signa-related loss analysts and a Swiss newspaper had estimated the bank would post from its ties to Rene Benko's Signa, which recently declared insolvency. Julius Baer also said it would exit the private debt business and re-focus its lending activities on mortgage and lombard lending.