Pictet Asia makes new Senior Management Appointments
After 4 years as CEO of Bank Pictet & Cie (Asia) Ltd, the firm has announced that Dominique Jooris has expressed the wish to explore other professional opportunities.
To further its development ambitions in the region and strengthen its leadership team, Pictet is making new senior management appointments, the firm revealed in a press release.
The Board is reportedly appointing Sharon Chou as CEO of Bank Pictet & Cie (Asia) Ltd, the Pictet Group’s private banking entity in Singapore, effective 1 January 2021. In addition, Pictet has hired Kian Seng Yap and Rayson Tan as Chief Financial Officer Asia and Chief Risk Officer Asia respectively, two newly created positions.
As CEO of Bank Pictet & Cie (Asia) Ltd. (BPCAL), Chou will oversee the activities of the bank and lead the business development of PWM in South and Southeast Asia. She will report to Fong Seng Tee, CEO of PWM Asia.
Chou has been with Pictet since 2011, first as Managing Director of PWM North Asia and Chief Executive of Hong Kong branch, and most recently, as Deputy CEO of PWM Asia.
Prior to joining Pictet, Sharon worked for BNP Paribas in Hong Kong for 14 years in risk management, holding roles as head of counterparty risk for the private banking division in the region, and as regional head of credit and risk management.
Fong Seng Tee, CEO, PWM Asia, Pictet & Cie., said: “We are delighted that Sharon, who has been instrumental in the growth of PWM’s North Asia business for the past 10 years, will be leading our team in Singapore.”
Dominique Jooris will be assisting Chou through to 30 June 2021 and support her during this transition period.
“We would like to thank Dominique for his exceptional leadership. The assets under management and revenue of our Singapore private banking entity have grown steadily during his tenure. He has nurtured a solid team who is ready to take the bank to the next level. – We wish him all the best for his future endeavours,” said Tee.
Kian Seng Yap has joined Pictet as Chief Financial Officer Asia and BPCAL. Based in Singapore, he reports to the CEO BPCAL, and to Fong Seng Tee, CEO PWM Asia, and functionally to the Group’s Chief Financial Officer, Grégory Petit.
Grégory Petit, Group Chief Financial Officer, Pictet & Cie., said: “Given our recent expansion in Asia, it was important to put in place a CFO for the region. We’re pleased to be adding someone of the calibre of Kian Seng to the team. Thanks to his extensive experience, he will play an important role in supporting our growth plans.”
Rayson Tan has also joined Pictet as Chief Risk Officer Asia and BPCAL. He is based in Singapore and reports to the CEO BPCAL, and to Fong Seng Tee, CEO PWM Asia, functionally to PWM Chief Risk Officer, Laurent Gaillard, and to Group Chief Risk Officer, Xavier Barde.
Xavier Barde, Group Chief Risk Officer, Pictet & Cie., said: “We are thrilled to having Rayson join Pictet in this new role. His deep understanding of not only the regulatory and compliance landscape in Asia, but also the emerging technology aspects in financial services will benefit us beyond the region.”
The new Chief Financial Officer Asia and Chief Risk Officer Asia appointments are essential in ensuring the finance and risk management framework remains robust as Pictet continues with its Asia growth plans, says the firm.
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