Pictet bets on Asia expansion; aims to double team of bankers

Singapore

PICTET Wealth Management (PWM) is pursuing a growth strategy in Asia, where it plans to double its team of bankers over the next few years.

Boris Collardi, Pictet Group managing partner and co-head of PWM, said the firm will hire 10 to 15 bankers a year over the next four to five years, which will result in a doubling of its current team of 52 relationship managers in the region.