Pictet Wealth Management (Pictet WM) has appointed a market head for Hong Kong, Asian Private Banker has learnt. Based in Hong Kong, Egwin Sung will join Pictet WM as a market head for the Hong Kong market with effect from 13 December 2024, according to an internal memo seen by APB. In this role, he will report to Victor Aerni, […]

The post Pictet WM appoints Hong Kong market head along with slew of new hires appeared first on Asian Private Banker.

Swiss pure-play Pictet has recently appointed a senior advisor for Singapore, Asian Private Banker can reveal. Based in Singapore, Swiss banking veteran Hanspeter Oes joined Pictet Wealth Management in May as senior advisor for operational excellence Asia, Pictet confirmed. In this newly created role, Oes is responsible for leading the development and implementation of operations excellence strategies aligned with the […]

The post Pictet Singapore hires senior advisor from LGT appeared first on Asian Private Banker.

While the ‘one-bank’ strategy has been gaining traction in recent years – with its potential to foster holistic offerings for UHNW clients across wealth, corporate lending, and capital markets – the model has also come under scrutiny following this year’s demise of Credit Suisse. Deutsche Bank, Julius Baer, Pictet and CIMB gave their views on the ‘one-bank’ model and how […]

The post ‘One bank’ or pure-play? CEOs weigh in on which works best appeared first on Asian Private Banker.

Victor Aerni’s business growth approach for Pictet Wealth Management (Pictet WM) in Asia prioritises organic strategies, targeting key markets while avoiding obsessive expansion. Throughout his career at the Swiss pure play, the company has prioritised investments over cost-cutting and he plans to uphold this approach in Asia. “We want to grow the business, but it has to make sense,” the […]

The post “We want to grow, but it has to make sense”: Pictet WM Asia CEO appeared first on Asian Private Banker.

Hailing from Switzerland, he is fluent in six languages, had an academic stint in Japan, and defied convention by swiftly climbing the ranks in private banking after a successful 16-year career at an American consulting firm. In the first of a two-part interview series, Victor Aerni revealed his more personal side to Asian Private Banker. Aerni, the new Asia CEO […]

The post Consultancy whiz to CEO: Meet Victor Aerni, Pictet WM’s new Asia chief appeared first on Asian Private Banker.

For someone who bears the name Pictet, it may come as a surprise that Francois Pictet has spent much of his career outside of the Swiss pure-play private bank. But the executive, a ninth generation member of the Pictet family, considers his stints as an analyst at Credit Suisse and working in private equity, as a valuable right of passage […]

The post Francois Pictet: “We’re not in the business of chasing AUM” appeared first on Asian Private Banker.

Veteran private banker Tee Fong Seng will step down as CEO of Pictet Wealth Management Asia, with Victor Aerni to take on the role from 1 July 2023, the Swiss pure-play said on Wednesday. Tee, who has led Pictet Wealth Management’s business in Asia since July 2019, will remain as vice chairman of the board of directors of Bank Pictet […]

The post Pictet WM names new Asia CEO as Tee Fong Seng steps down appeared first on Asian Private Banker.