Pictet Wealth Management has named Kelvin Tay as its chief investment officer (CIO) for Asia.
He will operate out of Singapore and report to Victor Aerni, chief executive of Pictet Wealth Management Asia, with a functional reporting line to César Pérez Ruiz, head of investments and CIO.
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Tay will also become a member of the group’s global investment committee and the Asia executive committee.
Aerni said: “We are pleased to welcome Kelvin to Pictet. Our Asia business is a key strategic focus for the Group. As we further grow our teams and broaden and deepen our client relationships, Kelvin’s experience will help to reinforce our Asia client franchise and augment Pictet’s rigorous investment-led approach that our clients value.”
His responsibilities will include overseeing macroeconomic research covering key Asian markets and shaping regional investment strategy as part of the firm’s wider asset allocation process.
He will also act as the main spokesperson in Asia for the company’s investment research, communicating its views to clients, the media and other external parties.
Tay joins from UBS Wealth Management, where he worked for two decades and most recently held the position of CIO for South Asia Pacific.
Earlier in his career, he ran an Asia equities portfolio at Deutsche Bank Wealth Management Asia.
He also worked as a regional telecoms analyst at JP Morgan Chase and ABN Amro, where he was regularly placed among the top three in institutional investor surveys.
César Pérez Ruiz added: “Kelvin will be a very valuable addition to our Investment Platform, as we continue to strengthen our investment expertise in Asia and further enhance our capabilities. He will play a key role in delivering Pictet Wealth Management’s investment strategies and solutions to our clients in Asia, who look to us for timely and actionable asset allocation insights.”
Pictet Group reported assets under management or custody of SFr757bn ($987bn) for the year ending 31 December 2025, up 4.5% from SFr724bn in 2024.
The group posted a consolidated profit of SFr667m in 2025, almost flat compared to the prior year.
