Julius Baer gets new CIO for alternatives

Bob Serhus stepped down as CIO of alternative investments at Julius Baer Investment Management, according to a statement by William Marr, global head of alternative investments. Jonathan Morgan, director of research and portfolio management, will take on Mr. Serhus' duties in the alternative investment group, said Neil Shapiro, Julius Baer spokesman. Mr. Shapiro would not say why Mr. Serhus left or where he is going because it is a "personnel matter." Mr. Serhus could not be reached for comment.