Former J. Baer private banker joins Texas-based firm's European affiliate. The European arm of Houston-based wealth-management and investment-banking firm Stanford Financial Group has hired former Julius Baer executive Leo Schrutt to lead its office in Zurich.

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"Leo represents the very standard with which we approach our business. His knowledge and credentials are impeccable," says Jack Staley, head of Stanford's Zurich-based European unit Stanford Group (Suisse) AG. "We are delighted that he's decided to build the next phase of his career with Stanford."

AG stands for Aktiengesellschaft -- German for "stock society," which is roughly equivalent to the U.S. term "public company."

Schrutt had been head of research and portfolio management in Zurich-based Julius Baer's private-banking division.

Schrutt, a 23-year veteran of the investment advisory business, says he plans to contribute his "global expertise and experience to help ensure that Stanford is even better positioned to grow its business in Zurich and throughout Europe and the Middle East."

Stanford Group (Suisse) AG provides investment advisory and discretionary asset management along with trust services and research.

Stanford has a network of affiliated offices in the United States, Latin America, the Caribbean and Europe. -FWR

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