Pictet & Cie Group SCA said Christian Gellerstad resigned as head of wealth management at the Swiss asset manager, effective in September, to focus on his nonexecutive roles, Reuters reported.

Gellerstad will become a director at the board of unit Banque Pictet & Cie SA, pending regulatory approval, insiders told finews.com. He will also carry on with his board mandates at other subsidiaries of the bank, including those in Luxembourg and Singapore, as well as its trust company in the Bahamas, according to the June 13 report.