People Moves

Swiss Private Bank Bolsters Greater China Fund Arm With Senior Appointments

Vanessa Doctor Asia Correspondent 24 January 2013

Swiss Private Bank Bolsters Greater China Fund Arm With Senior Appointments

Pictet & Cie, the Swiss private bank, has strengthened its Greater China fund team with two senior appointments.

Pauline Dan is now head of the Greater China fund unit, while David Chen assumes the role of senior investment manager. Dan and Chen joined Pictet in the second half of 2012; they are based in Hong Kong.

Previously, Dan was chief investment officer for Samsung Investment Management in Hong Kong, where she managed the Greater China, China A shares and Taiwan equity strategies. Chen joined the firm from Amundi Asset Management Hong Kong, where he managed the Taiwan and Korean equity mandates.

The former lead manager for Greater China, Lan Wang Simond, will now focus on Pictet Total Return - Mandarin, which she managed since its launch, as well as their long/short equity portfolios. The Greater China fund unit has some $365 million under management as of 10 January 2013.

Pictet has been expanding its presence in Asia in the past months. In September 2012, the bank received a license to set up a full branch in Hong Kong after operating as an investment firm for 26 years. The Hong Kong office was officially opened in October.

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