Appointment of non-executive directors reinforces Pictet Asset Management governance
An independent non-executive director, Massimo Tosato has a three-decade long record as an investment banking and asset management entrepreneur and senior manager. His career has included 21 years at Schroders, where he served most recently as Chief Executive of Schroder Investment Management Limited and Executive Vice Chairman of the listed holding company, Schroders PLC. He has also held Board positions at Nutmeg, an online discretionary investment management start-up, and Banca Nazionale del Lavoro, and served as Vice President of the European Fund and Asset Management Association (EFAMA). Currently a shareholder and Chief Executive of the Italian multi-manager Quaestio Capital, he also serves on the Board of Overseers of Columbia Business School in New York.
Rolf Banz was a senior executive at Pictet Asset Management for 15 years and more recently a director of several Pictet Asset Management operating entities and investment adviser for alternative strategies. Richard Heelis retired from his position as Head of Equities at Pictet Asset Management in March 2017 after 17 years at the company.
The three non-executive directors join Renaud de Planta, Chairman of the Board; Laurent Ramsey, Chief Executive Officer, both partners of the Pictet Group; and Daniel Wanner, CFO of the Pictet Group.
Renaud de Planta said, “We are delighted that Massimo Tosato, who has contributed so much to Schroders’ success, is able to join our Board. His knowledge and experience complement the existing Executive Board members, and with the two other non-executive directors, I believe we have very strong governance in place.”