Pictet Wealth Management has named Robert Suss as the new CEO of Pictet Wealth Management (PWM) UK.

Suss, who will assume his position on 6 September 2021, will succeed current PWM UK chief Heinrich Adami who is set to retire after more than two decades at the firm.

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He will work alongside Adami during a transitional period until the end of December and will report to PWM Europe head Sven Holstenson.

Suss joins PWM UK from Goldman Sachs where spent 18 years serving key positions including head of UK and Ireland Private Wealth Management and head of Wealth Management Solutions.

He was most recently managing director and head of Private Wealth Management in London.

Suss is also deputy chair of the Royal Academy of the Arts Trust and chair of Royal Academy School Dinner and Auction.

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Commenting on the appointment, Adami said: “London has always been an important financial center for the Group and more specifically, for private clients at PWM.

We are delighted to welcome Robert Suss to successfully lead our teams and to provide the best service to our clients.”

Suss said: “I am thrilled to be joining the world class team at Pictet, a company I have admired for many years. I am excited to help build on the amazing service it provides for its clients.”

Pictet Group managing partner Marc Pictet said: “I want to thank Heinrich for the outstanding work he has done for Pictet in the United Kingdom over the last 25 years. He embodies the professionalism and attention to detail that clients have come to expect at Pictet. We wish him all the best in his retirement.

“We are delighted to welcome Robert to Pictet who shares our sense of tradition and strong entrepreneurial spirit. We are certain that he will help us further develop our already strong UK business”.

Earlier this year, Pictet Group named Sharon Chou as the new chief for its Singapore-based private banking unit, Bank Pictet & Cie.