Pictet plans hiring spree to boost Middle East and Asia presence

Swiss private bank Pictet has revealed  plans to ramp up on hiring private bankers this year. The announcement follows the poaching of an 18-person team in the Middle East last month. Geneva-based Pictet will hire up to 300 bankers in its wealth management and asset management arms this year, senior partner Nicolas Pictet said in an interview with the FT. The effort represents an 50% hike on its recruiting efforts last year, and follows the entrance of ex-Julius Baer boss Boris Collardi as a partner. Overall, the partners discussed hiring as many as 500 additional bankers - a more tha...