Victor Aerni who has long served the German-speaking market of Switzerland for Pictet is moving to a key growth market.
Geneva-based private bank Pictet is soon expected to announce Victor Aerni’s appointment as the CEO of the bank’s wealth management business in Asia, according to information obtained by finews.com.
Aerni, who currently heads the wealth management business for German-speaking Switzerland, will switch to the new role in early July 2023. A statement on the leadership shift is expected to be released imminently.
It was further learned the current head of the business in Asia, Fong Seng Tee will become vice-chairman of the board of directors of the regional subsidiary, Bank Pictet & Cie (Asia), currently chaired by François Pictet.
Equity Partner at Pictet
Aerni, 52, is an equity partner at Pictet and has been responsible for the German-speaking market in Switzerland since April 2009. During that tenure, he developed the business into a market leader, Pictet said.
Before joining Pictet, Aerni worked at Boston Consulting Group for 16 years and has a degree in international business and economics from Sophia University in Tokyo. Related to his change of venue, finews.com also learned that Pictet is currently searching for a Swiss-based replacement for him.
Significant Growth
Fong Seng Tee (pictured above) has over 30 years of industry experience and has led the business since July 2019. In that time, both the number of employees and the level of assets under management have increased markedly.
«We are very pleased to continue benefiting from his vast experience,» Marc Pictet, Managing Partner of the Pictet Group, said.
Extensive Experience
In addition, Evelyn Yeo, the current head of the Asia investments business, will be named Deputy CEO of the regional subsidiary to support Sharon Chou, the entity’s CEO and head of the South Asia market.
Yeo will retain her function at the top of the Asia investments business. She has over 20 years of industry experience in a variety of leadership roles in investment offices, consulting mandates, and sales management. She was previously employed at Julius Baer and UBS.
