Organic growth, long-term approach to help fuel Pictet's Asia expansion

A FOCUS on organic growth, coupled with strong investment offerings and a long- term approach to assets, is helping Pictet to steadily expand its wealth management business in Asia.

Pictet Wealth Management's assets under management (AUM) in Asia have grown by around 40 per cent over the past two years, or a compounded annual growth rate of 17 per cent. In the first half of 2021, net new money more than doubled on a year-on-year basis, and grew almost six times since the first half of 2019.

Renaud de Planta, senior partner of the Pictet Group, who was in Singapore recently, says: "Our aim is always to deliver superior investment results for our clients. That's at the heart of what we do and we optimise everything in that direction. AUM growth is a logical consequence, but never a goal per se."