Claude Haberer, equity partner of the Pictet Group and CEO of Pictet Wealth Management (PWM) Asia, is appointed chairman of private wealth management, Asia. He is succeeded as CEO by Tee Fong-Seng from EFG Bank.
Former chief executive of Asia private wealth management at Pictet Claude Haberer will become chairman of the business as of October 2019, subject to regulatory approvals.
«The partners pay tribute first to Claude Haberer for his major role in managing this strategic region,»comments Boris Collardi in a media statement on Monday. «We also thank Sharon Chou and Dominique Jooris for their instrumental role in building our franchise in Asia.»
New CEO
Tee Fong-Seng, who joins as the succeeding CEO of PWM Asia, was most recently chairman of EFG Bank’s Asia advisory board. Previously, he was also Asia vice-chairman and Hong Kong CEO for Credit Suisse, among other senior positions.
«I am excited to join the 214-year-old Pictet with its unique ownership model and first-class product offering, to embark on its next phase of growth in Asia,” Tee said.
Dominique Jooris, CEO of PWM South Asia and of Bank Pictet & Cie (Asia) in Singapore, will report to Tee. Sharon Chou, currently CEO of PWM North Asia and of Pictet’s Branch in Hong Kong, will assume the role of deputy CEO of PWM Asia, also reporting to Tee.
More Hires
The bank also hired Alex Ng, whose exit finews.asia recently reported, along with a team of 18 wealth management professionals covering the Greater China markets. Ng was previously Credit Suisse’s Market Head for China and will take over from Chou as CEO Hong Kong Branch and of PWM North Asia, effective November 2019.
Ng has 30 years’ experience in wealth management in the Greater China markets, first with Citi and UBS, then with Credit Suisse. He will be based in Hong Kong, reporting to Tee.
Across Asia, Pictet Wealth Management employs more than 250 staff in Hong Kong and Singapore.
