Business & Investment

Swiss Wealth Manager Picte Appoints First Female Partner in 200 Years of History

© Reuters. File photo: A sign with the logo of the family-owned private bank Pictet was drawn at its headquarters in Geneva on May 7, 2012. REUTERS / Denis Balibouse

Zurich (Reuters)-Swiss asset manager Picte Group appointed Elihu Actug as the managing partner on Monday as the first woman to hold its position in the 216-year history of private banks.

Geneva-based Pictet Bank has also become a managing partner since September, awaiting regulatory approval from the two companies, in a statement by Francois Pictet.

The Picte Group is a partnership between owners and managers, and the principles of inheritance and transfer of ownership have not changed since its establishment in 1805. As of the end of 2020, CHF 690 billion ($ 661.09 billion) was managed or managed.

Aktug has been with Pictet since 2011 as Agora of Pictet Asset Management, Lead Fund Manager for the € 2.5 billion ($ 2.97 billion) European Equity Strategy. Prior to that, he was Managing Director at Goldman Sachs (NYSE :) in London.

Francois Pictet joined Pictet Wealth Management in 2015 as part of Pictet Investment Office, the ultra-high investment arm.

“We are pleased to welcome Elif and François to our partner’s board of directors. This is a step we are planning from the end of 2020 to help manage the growing demand that results from the company’s strong growth,” said Senior Money. Jing partner Renaud de Planta said. Said.

($ 1 = 0.8408 euros)

($ 1 = 0.9212 Swiss francs)

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Swiss Wealth Manager Picte Appoints First Female Partner in 200 Years of History Swiss Wealth Manager Picte Appoints First Female Partner in 200 Years of History

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