Pursuits
Geneva’s Biggest Bank Appoints Nicolas Pictet as Senior Partner
- Nicolas Pictet to succeed Jacques de Saussure on July 1
- Pictet manages $454 billion from offices in 17 countries
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Pictet & Cie. Group SCA, Geneva’s biggest bank, appointed Nicolas Pictet to replace Jacques de Saussure as senior partner starting July 1, in line with the company’s centuries-old succession rules.
De Saussure, 64, is retiring and his departure doesn’t mark a change in strategy for the private bank and asset manager, a company official said by e-mail, confirming an earlier report in Le Temps newspaper. Nicolas Pictet has been a managing partner at the firm since 1991.