The asset and wealth management division of Pictet in Spain has appointed Diego Cavero as a senior private banker to its team in Madrid.
With over 20 years' experience in investment consultancy for high net worth individuals, Cavero joins the Swiss group from Schroders, where he was head of the firm's private banking business in Spain. More specifically, he was responsible for private banking at Schroders & Co Bank AG in the country since July 2003. Prior to that, he was an associate director at Chase Manhattan Bank for more than 13 years.
Cavero started his financial career as a risk analyst at Banco Central Hispano in 1997 in New York, where he served for over two years.
Luis Sánchez de Lamadrid, general director of Pictet WM Spain, told Spanish financial media that Cavero's appointment reinforces the firm's commitment to attracting talent, "in a bid to establish responsible relationships with clients in order to protect and grow their wealth."