The latest moves and appointments at the Pictet Group, a wealth and asset manager, based in Geneva.

This week, Pictet Group announced that one managing partner is retiring and moving to the supervisory board, and a new managing partner has been appointed to start on 1 May 2023. This maintains the number of partners of the group at eight.

Rémy Best has stepped down from the partnership after a quarter of a century at Pictet; he will join two of the group's boards as non-executive director, the firm said in a statement. Sven Holstenson will be the 46th managing partner in the 217-year history of the firm. 

Best joined Pictet in 1997 and has been a managing partner since 2003. During his time at the firm, he has managed or co-managed many of the group's activities including Pictet Asset Management, Pictet Wealth Management, Technology & Operations and most corporate functions.

In addition to his position at Pictet, Best has served in non-executive director roles. These include, but are not limited to, serving as a member of the Assembly of the International Committee of the Red Cross and on the board of INSEAD. Following his retirement, Best will join the Organe de Contrôle, the supervisory body of the Pictet Group, and the board of its Swiss bank, Banque Pictet & Cie SA, both as a non-executive director, the firm added.

Holstenson, who has been with Pictet since 2012, joined as an analyst in the internal consulting team. In 2015, he moved to Pictet Wealth Management in various posts before being appointed head of Europe for PWM in 2019. In this position, he oversees the six European branches of the business line, comprising 12 offices and more than 250 employees. The business in the region has grown significantly under his leadership, the firm said.

In addition to managing, Holstenson covers ultra-high net worth clients across the region. He is a member of the executive committee of Pictet & Cie (Europe) SA, its European bank, and was appointed equity partner this year. Before joining Pictet, he worked as a management consultant for McKinsey & Co. 

Welcoming the move, Renaud de Planta, senior managing partner of Pictet, said: “We’re delighted to welcome him to the board of partners. He has proven himself at Pictet many times over, not just with what he has achieved, but also how he has done so – always humble and constructive with sharp analysis and diligent execution. He also adds an important younger generational element to the board of partners.”

Based in Geneva, the wealth and asset manager has SFr610 billion ($ 637 billion) in assets under management.