Pictet announced the forthcoming retirement of Nicolas Pictet from the group with effect from 1 September 2019. He has been senior partner of the Pictet Group since 1991.
Renaud de Planta, who joined Pictet as a partner in 1998, succeeds him as senior partner. He is the second most senior of Pictet's seven partners. He has spent much of his career at Pictet building and leading Pictet Asset Management, which now accounts for almost half of Group assets under management and profits. Previously, he spent 12 years with UBS, holding various management positions, including as CEO of UBS in Hong Kong and North Asia.
Nicolas Pictet will remain chairman of the board of Banque Pictet & Cie SA, the Swiss bank of the Group, and join the supervisory board of Pictet & Cie Group SCA, the Group's managing entity, with effect from 1 September 2019.
Sébastien Eisinger, deputy CEO at Pictet Asset Management and head of Investments, will join the Pictet partnership with effect from 1 April, 2019. He entered Pictet Asset Management in 1999 as an investment manager on the fixed income team, rising to CIO Fixed Income before his current position. He began his career with Lazard Frères Gestion in Paris as a quantitative analyst.