By Nick Hedley
Swiss group Pictet, which had $767 billion under management
and custody at the end of 2021, has appointed Victor Aerni, currently head of
Pictet Wealth Management in German-speaking Switzerland, as CEO-designate of
Pictet Wealth Management Asia.
An equity partner of the Pictet Group, Aerni will assume the
role in July 2023 and will be based in Singapore. He will take over from Tee
Fong Seng, who will remain vice chairman of Pictet’s Singaporean banking
entity.
“Aerni has put Pictet Wealth Management on the map in Zurich,
both building the team and managing clients with significant success,” Marc
Pictet, managing partner of the Pictet Group, said in a statement. “We are
confident he will bring his strategic acumen, sense of tradition and strong
entrepreneurial spirit to further develop our business in Asia.”
A process is underway to identify Aerni’s successor in
Switzerland.
“We thank Fong Seng for his leadership in developing our
wealth management business in this important growth region for Pictet,” Marc
Pictet said. “He brought onboard experienced relationship management teams
across Hong Kong and Singapore and expanded our client base in the region. We
are very pleased to continue benefiting from his vast experience.”
Meanwhile, Pictet said Evelyn Yeo will take on the role of deputy
CEO of the group’s Singaporean banking entity in January. Based in Singapore, Yeo
will also continue in her current role as head of Asia investments.
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