Pictet’s private bank in Singapore, Bank Pictet & Cie (Asia), has named Koh Boon Hwee as new independent board director.

Hwee will be responsible for advising and providing guidance for the wealth management team and its board as well as for Pictet’s managing partners.

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Prior to joining Pictet, Hwee has held roles at firm in Singapore including chairman of DBS Bank from 2006 to 2010, chairman of Singapore Airlines from 2001 to 2005 and chairman of SingTel from 1986 to 2001.

He is also currently managing partner of private equity firm Credence.

Nicolas Pictet, managing partner of the Pictet Group, said: "The appointment of Koh Boon Hwee to the Board in Singapore is a significant milestone for the development of our business in Asia. His presence will offer invaluable insight to our wealth management business and help further strengthen our Asian offering."

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