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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.

"We can say that today Pictet in terms of market penetration and size is not where it should or deserves to be...

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