Pictet Wealth Management appoints Kelvin Tay as CIO Asia
Based in Singapore, Kelvin will report to Victor Aerni, CEO Pictet Wealth Management Asia and functionally to César Pérez Ruiz, Head of Investments and CIO. he will also join both Pictet Wealth Management’s Global Investment Committee and the Asia Executive Committee.
In this role, Kelvin will lead macroeconomic research across major Asian economies, develop comprehensive Asia-focused investment strategies contributing to the firm’s global asset allocation. He will serve as Pictet Wealth Management’s primary investment research spokesperson for the region, presenting its house view to clients, media and external stakeholders.
Kelvin brings more than 30 years of experience in investment research and asset allocation. He joins Pictet from UBS Wealth Management where he spent 20 years, most recently as the CIO South Asia Pacific. Previously, he managed an Asia equities portfolio at Deutsche Bank Wealth Management Asia, and served as a regional telecoms analyst at JP Morgan Chase and ABN Amro, consistently ranking in the top three in institutional investor surveys.
Beyond his industry career, Kelvin is committed to developing the next generation of financial professionals in Singapore. He is an Adjunct Associate Professor at Nanyang Technological University’s Nanyang Business School, an Adjunct Lecturer at Singapore Management University's Lee Kong Chian School of Business, as well as a Lead Lecturer at the Wealth Management Institute. Kelvin holds an MBA with distinction from Imperial College London, and a Bachelor of Social Science and Bachelor of Arts from the National University of Singapore.
Commenting on the appointment, Victor Aerni said, “We are pleased to welcome Kelvin to Pictet. Our Asia business is a key strategic focus for the Group. As we further grow our teams and broaden and deepen our client relationships, Kelvin’s experience will help to reinforce our Asia client franchise and augment Pictet’s rigorous investment-led approach that our clients value.”
César Pérez Ruiz added, “Kelvin will be a very valuable addition to our Investment Platform, as we continue to strengthen our investment expertise in Asia and further enhance our capabilities. He will play a key role in delivering Pictet Wealth Management’s investment strategies and solutions to our clients in Asia, who look to us for timely and actionable asset allocation insights.”
Note to Editors
About Pictet Group
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since foundation in 1805. It offers only wealth management, asset management, alternative investment solutions and related asset services. The Group does not engage in investment banking, nor does it extend commercial loans.
With CHF 757 (EUR 813, GBP 710, USD 955) billion in assets under management or custody at 31 December 2025, Pictet is today one of the leading Europe-based independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, Pictet today employs around 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.
