Canada markets open in 3 hours 40 minutes
  • S&P/TSX

    20,693.79
    +140.54 (+0.68%)
     
  • S&P 500

    4,480.70
    +37.65 (+0.85%)
     
  • DOW

    34,814.39
    +236.82 (+0.68%)
     
  • CAD/USD

    0.7911
    -0.0011 (-0.13%)
     
  • CRUDE OIL

    72.64
    +0.03 (+0.04%)
     
  • BTC-CAD

    60,778.64
    +776.83 (+1.29%)
     
  • CMC Crypto 200

    1,237.56
    +40.34 (+3.37%)
     
  • GOLD FUTURES

    1,783.20
    -11.60 (-0.65%)
     
  • RUSSELL 2000

    2,234.45
    +24.46 (+1.11%)
     
  • 10-Yr Bond

    1.3040
    0.0000 (0.00%)
     
  • NASDAQ futures

    15,470.25
    -33.75 (-0.22%)
     
  • VOLATILITY

    18.45
    -1.01 (-5.19%)
     
  • FTSE

    7,054.46
    +37.97 (+0.54%)
     
  • NIKKEI 225

    30,323.34
    -188.37 (-0.62%)
     
  • CAD/EUR

    0.6719
    +0.0018 (+0.27%)
     

Swiss wealth manager Pictet appoints first female partner in 200-year history

·1 min read
FILE PHOTO: A sign bearing the logo of family owned private bank Pictet is pictured at company headquarters in Geneva

ZURICH (Reuters) - Swiss wealth and asset manager Pictet Group on Monday appointed Elif Aktug as managing partner, the first woman to hold that position in the private bank's 216-year history.

Francois Pictet will also become a managing partner from September pending regulatory approval for the two, which would expand the number of partners to nine, Geneva-based Pictet said in a statement.

The Pictet Group is a partnership of owner-managers, with principles of succession and transfer of ownership that have not changed since its foundation in 1805. It had 609 billion Swiss francs ($661.09 billion) under management or custody at the end of 2020.

Aktug has been with Pictet since 2011 as the lead fund manager of Pictet Asset Management's Agora, a 2.5 billion euro ($2.97 billion) European equity strategy. Prior to that, she was a managing director with Goldman Sachs in London.

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

"We're delighted to welcome Elif and François to the Board of Partners, a step we've been planning since the end of 2020 to help manage the increased demands resulting from the strong growth of the firm," senior managing Partner Renaud de Planta said.

($1 = 0.8408 euros)

($1 = 0.9212 Swiss francs)

(Reporting by Michael Shields; Editing by Bernadette Baum)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting