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Pictet WM’s Asia AUM jumps 38% YoY in 1H21 as NNM soars; Collardi bids goodbye to partner role

Pictet has recorded strong momentum within its Asia wealth management business, with AUM increasing by 38% and net new money (NNM) more than doubling YoY (140%) in 1H21. The bank has announced the departure of its trouble-ridden ex-Julius Baer partner Boris Collardi, effective 1 September 2021. As of 1H21, Pictet’s Asia WM saw the penetration rate for total managed assets…

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