Pictet is set to undergo a major expansion of its UK-based wealth management presence.
Pictet, the Geneva-based wealth and asset management group, will add a number of senior private bankers, as well as reinforcing services such as wealth and portfolio structuring. Pictet’s London wealth management team will be moving to bigger premises in Mayfair to accommodate this growth.
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Heinrich Adami, a group managing director of Pictet, said: "The UK, and London in particular, is exceptionally well-suited to the needs of the ultra-wealthy. Key attractions for our clients are the improving economic climate, the robust legal system, an entrepreneurial spirit and a predictable fiscal regime. These advantages, together with a vibrant international culture, world class services, and renowned private education system, make it the destination for such clients."
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