Geneva-based Pictet has hired four private bankers in Hong Kong to cover various markets, finews.asia has learned.
Pictet Wealth Management has appointed Egwin Sung as market head for the Hong Kong market, according to an internal memo seen by finews.asia, effective December 13. In the role, he will report to Victor Aerni, equity partner and CEO, Pictet Wealth Management Asia, and Ann Mirjam Levy Duvernay, CEO for Banque Pictet & Cie's Hong Kong branch, who will assume this role from 1 January 2025.
Sung previously worked at J.P. Morgan Private Bank as managing director and team lead of 10 private bankers covering ultra-high net worth (UHNW) clients in Greater China. Prior to that, he also held senior positions at UBP Asset Management, Merrill Lynch Wealth Management and Morgan Stanley.
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In addition, the Swiss private bank also appointed Michael Chuan as an executive director and senior private banker in the Taiwan team as well as Andrew Whiting and Jacky Ho as private bankers. All four new executives are based in Hong Kong.
Chuan joins from J.P. Morgan Private Bank where was a senior private banker covering UHNW clients in Greater China. Previously, he also worked at Walmart (China) Investment Company to develop their China strategy and lead M&A and business acquisitions after a seven-year stint with UBS’ investment banking unit in New York and Hong Kong.
Whiting worked at HSBC’s private banking arm for 25 years, most recently as a relationship manager covering international HNW and UHNW clients based in Hong Kong. Before relocating to Hong Kong in 2016, he was a relationship manager for the British private bank in London covering international clients.
Ho was most recently working at UBS as a director and client advisor covering UHNW families and institutional clients in Hong Kong and Southeast Asia. Previously, he was a relationship manager at Credit Suisse serving UHNW clients in Hong Kong.
When contacted, a spokesperson confirmed the content of the memo.
