People Moves

Pictet Names New CEO For Asia Wealth Business

Editorial Staff, 29 September 2022

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The new CEO for the Swiss bank's Asian wealth business, who has been looking after the business in the German-speaking part of Switzerland, previously worked at Boston Consulting Group.

Pictet has appointed Victor Aerni – who is head of its wealth business in the German-speaking part of Switzerland – as the CEO for its wealth arm in Asia. The appointment will take effect from 1 July next year.

Tee Fong Seng, who leads Pictet Wealth Management Asia, will remain on the board of directors of Bank Pictet & Cie (Asia) Ltd (BPCAL), Pictet Group’s Singapore banking entity, as vice-chairman of the board, reporting to François Pictet, managing partner of the Pictet Group and chairman of the board. 

The Geneva-based bank said that it is now seeking a successor to Aerni.

Evelyn Yeo, head of Asia investments, will be appointed deputy CEO, BPCAL to support Sharon Chou (head of South Asia and CEO BPCAL). This appointment is subject to regulatory approval. 

Based in Singapore, Yeo will also continue as head of Asia investments. She brings more than 20 years of industry experience in leadership covering investment office, mandate consulting and sales management with Julius Baer and UBS, before joining Pictet in 2019.

Aerni is an equity partner of the Pictet Group and has been the zone head responsible for German-speaking Switzerland since April 2009. Prior to joining the firm, Aerni was with the Boston Consulting Group for 16 years. 

A 30-year private banking industry veteran, Tee Fong Seng has led the wealth management business of Pictet in Asia since July 2019.

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