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Ex-Julius Baer CEO Collardi Reprimanded in Laundering Probe This content was published on January 21, 2021 - 12:05 January 21, 2021 - 12:05 (Bloomberg) Ex-Julius Baer Group Ltd. Chief Executive Officer Boris Collardi was reprimanded by Switzerland’s financial regulator over a money laundering probe that’s cast a shadow over his move to Geneva private bank Pictet & Cie. Collardi won’t face further penalties in the case, related to alleged corruption in Venezuela, according to a statement he sent on Thursday. Separately, Swiss watchdog Finma said it’s starting enforcement proceedings against one unidentified Baer manager. The actions come almost a year after the regulator said the bank fell significantly short in combating money laundering in its Latin American business between 2009 and early 2018. ....