A long-time employee of Julius Baer’s Brazilian wealth management outfit has departed for a role at a competitor.

Guilherme Ghidetti had worked for GPS Investimentos, a Julius Baer-owned family office business, since 2007, where latterly he was head of research covering alternatives.

He has now joined independent wealth manager Jera Capital as a portfolio manager. Jera focuses on real assets and has an asset management and private client business.

Julius Baer started its relationship with GPS in 2011 when it acquired a 30 percent stake in the firm, however it has since become its majority owner. GPS manages ...