Swiss investment manager Julius Baer has merged its Swiss institutional and international client businesses with Leo Schrutt heading up the new business line 'Institutional Asset Management'.
Hansruedi Huber will take over the position at the end of this year and Peter Widmer will retire from active professional duties in the group as of March 31. Helmuth Saurer will take on special duties within the group management committee and continue his institutional role as chairman of the board of directors at the company. Urs Baltens-weiler has also assumed responsibility for European institutional marketing.