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Swiss wealth supervisor Pictet appoints first feminine companion in 200-year historical past By Reuters 

© Reuters. FILE PHOTO: An indication bearing the brand of household owned non-public financial institution Pictet is pictured on the firm headquarters in Geneva Might 7, 2012. REUTERS/Denis Balibouse

ZURICH (Reuters) – Swiss wealth and asset supervisor Pictet Group on Monday appointed Elif Aktug as managing companion, the primary girl to carry that place within the non-public financial institution’s 216-year historical past.

Francois Pictet may also grow to be a managing companion from September pending regulatory approval for the 2, which might increase the variety of companions to 9, Geneva-based Pictet mentioned in an announcement.

The Pictet Group is a partnership of owner-managers, with rules of succession and switch of possession that haven’t modified since its basis in 1805. It had 609 billion Swiss francs ($661.09 billion) underneath administration or custody on the finish of 2020.

Aktug has been with Pictet since 2011 because the lead fund supervisor of Pictet Asset Administration’s Agora, a 2.5 billion euro ($2.97 billion) European fairness technique. Previous to that, she was a managing director with Goldman Sachs (NYSE:) in London.

Francois Pictet joined the agency in 2015 as a part of the Pictet Funding Workplace, the ultra-high-net-worth funding arm of Pictet Wealth Administration.

“We’re delighted to welcome Elif and François to the Board of Companions, a step we have been planning because the finish of 2020 to assist handle the elevated calls for ensuing from the robust development of the agency,” senior managing Associate Renaud de Planta mentioned.

($1 = 0.8408 euros)

($1 = 0.9212 Swiss francs)

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