Switzerland $970 Billion Pictet Wealth Management Hires UBS 20-Year Veteran Regional Chief Investment Officer (CIO) Kelvin Tay as APAC Chief Investment Officer (CIO), 26 Years Investment, Private Banking & Financial Industry Experience at Deutsche Bank, JP Morgan, ABN AMRO & UOB (Overseas Union Bank)
22nd April 2026 | Hong Kong
Switzerland Pictet Wealth Management ($970 billion Group AUM) has hired UBS 20-year veteran Regional Chief Investment Officer (CIO) Kelvin Tay as Pictet Wealth Management APAC Chief Investment Officer (CIO). Kelvin Tay has 26 years of investment, private banking & financial industry experience at Deutsche Bank, JP Morgan, ABN AMRO & UOB (Overseas Union Bank). Kelvin Tay – Kelvin is the Regional Chief Investment Officer at UBS Global Wealth Management. He is a member of the UBS Global Emerging Markets Investment Committee, as well as the Asia-Pacific Investment Committee where he provides strategic research and inputs into the cross asset investment and allocation process. Based in Singapore, Kelvin joined UBS Global Wealth Management Asia in 2006. Prior to joining UBS, Kelvin held numerous responsibilities at Deutsche Bank Private Wealth Management (Asia). As the Asian Equities Strategist, he was responsible for equity allocation and managed an Asian equities portfolio. He was also responsible for selecting underlying equities for the private bank’s structured products and for conducting funds research. From 2002 to 2004, Kelvin was a Regional Telecoms Analyst (Vice President), JPMorgan Chase where he was consistently rated in the top 4 in surveys such as Asia Money and Institutional Investor. From 2000 to 2002, he was also a Regional Telecoms Analyst with ABN AMRO (Asia) Ltd in Hong Kong, where his team was ranked no. 1 in the 2000 Greenwich survey. He was also ranked No. 3 in AsiaMoney’s Asia-wide regional telecoms analysts survey in 2001. Prior to that, Kelvin worked at Overseas Union Bank in Singapore as a credit analyst in loan syndications & capital markets. Globally, Kelvin is our most sought after speaker in UBS. He is a bi-monthly guest host on CNBC Asia and a weekly guest on CNA’s 93.8 live. He is also a regular commentator on international broadcast media such as Bloomberg TV, ChannelNews Asia and BBC World. He also contributes byline articles on a regular basis to the various financial publications in the region. In 2025 December, Pictet Wealth Management hired UBS / Credit Suisse Lionel Poh as Executive Director. Lionel Poh has 16 years of financial industry & private banking experience at BNP Paribas, Julius Baer, Standard Chartered Bank, Julius Baer & UBS / Credit Suisse. In 2025 September, Pictet Wealth Management hired JP Morgan Private Bank Jeffrey Sung as Market Leader. Jeffrey Sung has 18 years of private banking & wealth management experience at DBS, Morgan Stanley, LGT & JP Morgan. In 2025 August, Pictet Wealth Management hired ex-UBS & LGT Head of Philanthropy Advisory Nina Hoas as Philanthropy Strategist. Nina Hoas has 25 years of experience in philanthropic & humanitarian activities including at United Nations (7 years), UBS (10 years) & LGT. In 2024 October, Swiss private bank Pictet appointed Alison Lim as Singapore CEO to succeed Sharon Chou in 2025 (6/1/24), who will be retiring in 2025 June (30/6/25). Alison Lim has more than 31 years of financial industry at Singapore central bank Monetary Authority of Singapore (MAS), UBS, Credit Suisse & BNP Paribas. Alison Lim joins from BNP Paribas Wealth Management where she was the Head of Southeast Asia Markets. Alison Lim will report to Victor Aerni, Pictet Equity Partner & CEO of Pictet Wealth Management Asia. In 2022, Swiss Bank Pictet made key leadership appointments in Asia, with Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23).
“ Switzerland $970 Billion Pictet Wealth Management Hires UBS 20-Year Veteran Regional Chief Investment Officer (CIO) Kelvin Tay as APAC Chief Investment Officer (CIO), 26 Years Investment, Private Banking & Financial Industry Experience at Deutsche Bank, JP Morgan, ABN AMRO & UOB (Overseas Union Bank) “
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Switzerland $917 Billion Pictet Wealth Management Hires UBS / Credit Suisse Lionel Poh as Executive Director, 16 Years Financial Industry & Private Banking Experience at BNP Paribas, Julius Baer, Standard Chartered Bank, Julius Baer & UBS / Credit Suisse
3rd December – Switzerland Pictet Wealth Management ($917 billion Group AUM) has hired UBS / Credit Suisse Lionel Poh as Executive Director. Lionel Poh has 16 years of financial industry & private banking experience at BNP Paribas, Julius Baer, Standard Chartered Bank, Julius Baer & UBS / Credit Suisse. In 2025 September, Pictet Wealth Management hired JP Morgan Private Bank Jeffrey Sung as Market Leader. Jeffrey Sung has 18 years of private banking & wealth management experience at DBS, Morgan Stanley, LGT & JP Morgan. In 2025 August, Pictet Wealth Management hired ex-UBS & LGT Head of Philanthropy Advisory Nina Hoas as Philanthropy Strategist. Nina Hoas has 25 years of experience in philanthropic & humanitarian activities including at United Nations (7 years), UBS (10 years) & LGT. In 2024 October, Swiss private bank Pictet appointed Alison Lim as Singapore CEO to succeed Sharon Chou in 2025 (6/1/24), who will be retiring in 2025 June (30/6/25). Alison Lim has more than 31 years of financial industry at Singapore central bank Monetary Authority of Singapore (MAS), UBS, Credit Suisse & BNP Paribas. Alison Lim joins from BNP Paribas Wealth Management where she was the Head of Southeast Asia Markets. Alison Lim will report to Victor Aerni, Pictet Equity Partner & CEO of Pictet Wealth Management Asia. In 2022, Swiss Bank Pictet made key leadership appointments in Asia, with Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23).
Switzerland $906 Billion Pictet Wealth Management Hires JP Morgan Private Bank Jeffrey Sung as Market Leader, 18 Years of Private Banking & Wealth Management Experience at DBS, Morgan Stanley, LGT & JP Morgan
1st October – Switzerland Pictet Wealth Management ($906 billion Group AUM) has hired JP Morgan Private Bank Jeffrey Sung as Market Leader. Jeffrey Sung has 18 years of private banking & wealth management experience at DBS, Morgan Stanley, LGT & JP Morgan. In 2025 August, Pictet Wealth Management hired ex-UBS & LGT Head of Philanthropy Advisory Nina Hoas as Philanthropy Strategist. Nina Hoas has 25 years of experience in philanthropic & humanitarian activities including at United Nations (7 years), UBS (10 years) & LGT. In 2024 October, Swiss private bank Pictet appointed Alison Lim as Singapore CEO to succeed Sharon Chou in 2025 (6/1/24), who will be retiring in 2025 June (30/6/25). Alison Lim has more than 31 years of financial industry at Singapore central bank Monetary Authority of Singapore (MAS), UBS, Credit Suisse & BNP Paribas. Alison Lim joins from BNP Paribas Wealth Management where she was the Head of Southeast Asia Markets. Alison Lim will report to Victor Aerni, Pictet Equity Partner & CEO of Pictet Wealth Management Asia. In 2022, Swiss Bank Pictet made key leadership appointments in Asia, with Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23).
Switzerland $906 Billion Pictet Wealth Management Hires ex-UBS & LGT Head of Philanthropy Advisory Nina Hoas as Philanthropy Strategist, 25 Years Experience in Philanthropic & Humanitarian Activities Including at United Nations (7 Years), UBS (10 Years) & LGT
21st August – Switzerland Pictet Wealth Management ($906 billion Group AUM) has hired ex-UBS & LGT Head of Philanthropy Advisory Nina Hoas as Philanthropy Strategist. Nina Hoas has 25 years of experience in philanthropic & humanitarian activities including at United Nations (7 years), UBS (10 years) & LGT. In 2024 October, Swiss private bank Pictet appointed Alison Lim as Singapore CEO to succeed Sharon Chou in 2025 (6/1/24), who will be retiring in 2025 June (30/6/25). Alison Lim has more than 31 years of financial industry at Singapore central bank Monetary Authority of Singapore (MAS), UBS, Credit Suisse & BNP Paribas. Alison Lim joins from BNP Paribas Wealth Management where she was the Head of Southeast Asia Markets. Alison Lim will report to Victor Aerni, Pictet Equity Partner & CEO of Pictet Wealth Management Asia. In 2022, Swiss Bank Pictet made key leadership appointments in Asia, with Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23).
Swiss Private Bank Pictet Hires BNP Paribas Alison Lim as Singapore CEO to Succeed Sharon Chou in 2025 Who Will Retire in 2025 June, Alison Lim Has 31 Years of Financial Industry Experience at Monetary Authority of Singapore, UBS, Credit Suisse & BNP Paribas
8th October 2024 – Swiss private bank Pictet has appointed Alison Lim as Singapore CEO to succeed Sharon Chou in 2025 (6/1/24), who will be retiring in 2025 June (30/6/25). Alison Lim has more than 31 years of financial industry at Singapore central bank Monetary Authority of Singapore (MAS), UBS, Credit Suisse & BNP Paribas. Alison Lim joins from BNP Paribas Wealth Management where she was the Head of Southeast Asia Markets. Alison Lim will report to Victor Aerni, Pictet Equity Partner & CEO of Pictet Wealth Management Asia. In 2022, Swiss Bank Pictet made key leadership appointments in Asia, with Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23).
Swiss Bank Pictet Appoints Victor Aerni as Head of Wealth Management Asia, Tee Fong Seng as Vice-Chairman & Evelyn Yeo Deputy CEO Asia
29th September 2022 – Swiss Bank Pictet has made new key leadership appointments in Asia, with current Head of Pictet Wealth Management Switzerland Victor Aerni appointed as the new Head of Wealth Management Asia (1/7/23), Asia CEO Tee Fong Seng as Vice-Chairman & Evelyn Yeo as Deputy CEO Asia (1/1/23). The process to identify the succession for Victor Aerni is currently underway. Tee Fong Seng will continue to provide the Pictet Group with his unique perspective and insights on the Wealth Management market in Asia, reporting to François Pictet, Managing Partner of the Pictet Group and Chairman of the Board. Marc Pictet, Managing Partner of the Pictet Group: “We thank Fong Seng for his leadership in developing our wealth management business in this important growth region for Pictet. He brought onboard experienced relationship management teams across Hong Kong and Singapore and expanded our client base in the region. We are very pleased to continue benefiting from his vast experience. We congratulate Victor on his new role. He has put Pictet Wealth Management on the map in Zurich both building the team and managing clients with significant success. We are confident he will bring his strategic acumen, sense of tradition and strong entrepreneurial spirit to further develop our business in Asia. Our congratulations also to Evelyn for her additional responsibilities while continuing to drive our investment platform in Asia.”
Pictet New Asia Leaders: Victor Aerni, Tee Fong Seng, Evelyn Yeo
Victor Aerni is an Equity Partner of the Pictet Group and has been the Zone Head responsible for German speaking Switzerland since April 2009. During his tenure, he has developed Pictet into a leading wealth manager in the German speaking part of Switzerland. Prior to joining the firm, he was at the Boston Consulting Group for 16 years. He has a degree in International Business and Economics from Sophia University, Tokyo, where he lived for four years.
Tee Fong Seng
A 30-year private banking industry veteran, Tee Fong Seng has led the wealth management business of Pictet in Asia since July 2019, during which time the number of employees and assets under management have grown significantly, a strong achievement amidst the restrictive operatingconditions resulting from the Covid-19 pandemic.
Evelyn Yeo is currently Head of Asia Investments and will be appointed Deputy CEO, Pictet Asia to support Sharon Chou (Head of South Asia and CEO BPCAL). Based in Singapore, Evelyn will also continue as Head of Asia Investments. She brings over 20 years industry experience in leadership positions covering investment office, mandate consulting and sales management with Bank Julius Baer and UBS, before joining Pictet in 2019.
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