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May 9, 2022

Pictet bolsters alternative investment division with new hires

Swiss private banking major Pictet has appointed Edmund Buckley as head of the direct private equity division, reported Reuters.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The appointment comes as the Geneva-based group seeks to bolster its alternative investment business. It is also said to be one of the major hires under Pictet Alternative Advisors division head Elif Aktu, who joined the firm’s eight managing partners in September last year.

Buckley joins Pictet from the private equity firm THI Investments, where he served as a manager. His appointment is expected to grow the business of direct investment in firms.

Pictet considers alternative investments among its key growth areas.  At the end of 2021, the firm has client assets of $32.56bn (CHF32bn) in private equity, hedge funds, and real estate funds.

At the time, the firm’s total assets under management were CHF698bn.

Pictet also named Andreas Klein to the newly created role of head of Private Debt, a spokesperson for the firm told the news agency.

Klein most recently worked at Intermediate Capital Group.

Recent development at Pictet

Last October, Pictet Group forged a wealth management alliance with Bangkok Bank to offer wealth management services for the bank’s wealth clients in Thailand.

In August last year, the wholly-owned Shanghai unit of Pictet Asset Management registered as a Qualified Domestic Limited Partner (QDLP) Manager with the Asset Management Association of China.

The move allowed the firm to develop and provide QDLP offerings to qualified investors in China to invest in its offshore strategies.

In 2020, Pictet Asset Management set up a unit in Shanghai to raise funds from mainland investors into its offshore strategies under the QDLP scheme.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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