Following Rémy Best, who left at the end of April, and Bertrand Demole, who left in June, it's now the turn of the senior partner to leave the college of partners of Geneva-based private bank Pictet.
Senior partner Renaud de Planta will step down from the board of partners at Pictet, according to a statement, effective June 30, next year. On January 1, 2025, he'll join the supervisory board of the group and the board of directors of Banque Pictet & Cie SA, pending regulatory approval.
De Planta first started working at Pictet in 1998 as a managing partner before becoming a senior partner in 2019. Among his achievements at the Swiss bank include expanding its asset management business from less than 20 billion Swiss francs ($22 billion) to more than 230 billion francs in assets. Pictet has grown over that time from about 1,000 employees, in nine locations and with 100 billion in assets under management, to a group with 5,300 employees today in thirty locations and over 630 francs billion in assets under management.
Joining the SNB
He gives up his seat to join the bank council of the Swiss National Bank (SNB) before the statutory retirement age of 65. In addition, he will sit on the group's supervisory body and the board of Banque Pictet & Cie from January 1, 2025. Marc Pictet will replace de Planta in his role as senior partner at the beginning of July 2024.
«I am looking forward to this next step, which will keep me close to Pictet and also allow me to give more time to my philanthropic activities,» de Planta said. «Our firm is very well positioned as a quality player. We have a rejuvenated group of managing partners and they have more than what it takes to lead Pictet to the next level.»
Successor
De Planta’s role as a senior partner will be succeeded by Marc Pictet on July 1 next year. The eighth-generation family member joined Pictet in 2001 and became a managing partner in 2011. He is currently the co-head of Pictet Wealth Management and oversees the Corporate Office, which handles the group’s strategic projects. He is also the chairman of Bank Pictet & Cie (Europe) AG’s supervisory board.
«My fellow partners and I will be guided by our commitment to responsibility, independence, and partnership. We will remain entrepreneurial with a long-term approach, always striving to deliver the enduring quality that Pictet is known for.»
Pictet has made a number of personnel changes at the highest level this year, as finews.com has reported on various occasions.
