Pictet said Boris Collardi is leaving its seven-person partnership.
Partner and co-head of wealth management at Geneva-based wealth manager Pictet Boris Collardi is leaving at the end of this month, the company said in a statement alongside its first-half results.
It didn't elaborate on the specific reasons and thanked Collardi.
«We look forward to continuing our consistent performance across the group, pursuing our existing strategy for the long-term interests of our clients and the firm,» senior managing partner Renaud de Planta said in an emailed statement.
This brings to a close three tumultuous years at Pictet, following nine years at the helm at Julius Baer. The 47-year-old Swiss was reprimanded in January by Swiss financial regulator Finma over Julius Baer's dealings in Latin America during his leadership.
A spokesman for Collardi was not immediately available for comment.
More to follow
