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Smith Barney Hires Kerschner as CIO

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From Bloomberg News

Citigroup Inc. said its Smith Barney unit hired Ed Kerschner, formerly of UBS, as its U.S. chief investment officer.

UBS said in July that Kerschner would leave at the end of 2003 as chief global strategist. He had worked for 21 years at Paine Webber, which UBS bought in 2000.

Kerschner was a runner-up in 2002 in Institutional Investor magazine’s survey of the top U.S. Wall Street strategists.

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