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Ex-Allianz Marketing Chief Joins Pictet Asset Management

Vanessa Doctor

2 June 2011

Pictet Asset Management has brought in Lawrence Tse to lead its retail and wholesale distribution operations in Asia.

Tse, previously the chief marketing officer at Allianz Global Investors in Hong Kong, will be responsible for the company's global and domestic distribution partnerships in Hong Kong and Singapore. His coverage does not however include Taiwan, as Pictet is still in the process of establishing a local presence in the state. He now reports to Amy Cho, the head of business development for Asia-Pacific.

Pictet Asset Management manages $133.3 billion in assets globally, as of 31 March. At the end of last year the firm had $18.6 billion in AuM derived from its Asian operations.