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.