Koh Boon Hwee named independent director of Pictet's private bank in Singapore

VETERAN investor Koh Boon Hwee has been appointed an independent board director of Bank Pictet & Cie (Asia) Ltd, the Pictet Group's private banking entity in Singapore.

Pictet said in a press release on Thursday morning that in his role, Mr Koh will advise and provide guidance for the wealth management team and its board as well as for Pictet's managing partners.

Mr Koh is currently managing partner of private equity firm Credence, and had held positions at some of Singapore's leading companies in the past. He was previously chairman of DBS Bank, Singapore Airlines and SingTel.