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Pictet appoints chairman, CEO for Asia wealth management division

Pictet & Cie Group SCA appointed Claude Haberer, CEO of Asian wealth management division, the chairman of the business with effect from October, finews reported, citing a company statement.

The Swiss group hired Tee Fong-Seng to replace Haberer as the CEO of the Pictet Wealth Management Asia. The changes are subject to regulatory approvals, according to the Aug. 19 report.

Tee was most recently a board member of Swiss private bank EFG International AG. Prior to that, he served as Asia vice chairman and Hong Kong CEO for Credit Suisse Group AG, among other senior positions.