Swiss wealth manager Pictet names first female partner in 200-year history

A sign bearing the logo of the Pictet family private bank is pictured at the company’s headquarters in Geneva on May 7, 2012. REUTERS / Denis Balibouse

ZURICH, June 21 (Reuters) – Swiss wealth and asset manager Pictet Group on Monday appointed Elif Aktug as managing partner, the first woman to hold the post in the 216-year history of private banking.

Francois Pictet will also become a managing partner from September pending regulatory approval for the two, which would bring the number of partners to nine, Geneva-based Pictet said in a statement.

The Pictet Group is a partnership of owner-managers, with principles of succession and transfer of ownership that have not changed since its founding in 1805. It had 609 billion Swiss francs ($ 661.09 billion) under management or retention at the end of 2020.

Aktug has been with Pictet since 2011 as lead fund manager of Agora de Pictet Asset Management, a EUR 2.5 billion ($ 2.97 billion) European equity strategy. Prior to that, she was Managing Director at Goldman Sachs in London.

François Pictet joined the company in 2015 within the Pictet Investment Office, the investment arm for the very high net worth of Pictet Wealth Management.

“We are delighted to welcome Elif and François to the Board of Partners, a step that we have been planning since the end of 2020 to help manage the increased demands resulting from the firm’s strong growth,” said Managing Partner Renaud de Planta. mentionned.

($ 1 = 0.8408 euros)

($ 1 = 0.9212 Swiss francs)

Reporting by Michael Shields Editing by Bernadette Baum

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