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January 6, 2021

Pictet names new chief for private banking entity in Singapore

By Verdict Staff

Geneva-based Pictet Group has named Sharon Chou as the new chief for its Singapore-based private banking unit, Bank Pictet & Cie (Asia).

Chou replaces Dominique Jooris, who is departing the firm after having been its head for four years.

As Bank Pictet & Cie (Asia) CEO, Chou will manage the activities of the bank and supervise the business development of PWM in South and South East Asia.

She will report to PWM Asia CEO Fong Seng Tee. Jooris will support Chou until 30 June 2021 to facilitate a smooth transition.

Since 2011, Chou has been a part of Pictet and held various roles at the firm, including PWM North Asia managing director, PWM Asia deputy CEO and Hong Kong branch CEO.

Before her association with Pictet, she worked with BNP Paribas in Hong Kong for 14 years.

Meanwhile, Jooris has spent over two decades in the banking space, including ten in Asia.

He previously worked at Goldman Sachs, which he joined in 2005. He held various roles at the bank, including the managing director with responsibility for credit capital markets for Asia.

Previously, he also had a stint at JP Morgan.

Recent Pictet moves

The year 2020 has been a busy year for Pictet. In November 2020, Pictet Asset Management, Pictet’s asset management arm, launched a Shanghai unit.

The move was aimed at tapping the evolving fund market in China.

In October last year, Pictet Asset Management established its first US office in New York City.

Last year, the firm also rolled out new funds. These include the Pictet TR-Aquila fund for external investors, which offers exposure to liquid companies mainly in the US and Europe.

At the same time, it launched a Luxembourg-domiciled fund to invest in family owned businesses, where the founder or family holds a minimum of 30% of the voting rights.

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