– SWITZERLAND, Geneva – Pictet Group today announced the appointment of Sven Holstenson as its 46th managing partner effective 1 May 2023, to succeed Rémy Best who will step down from the partnership but will join two of the Group’s Boards as a non-executive director.
Rémy will join the supervisory body of the Pictet Group and the Board of Banque Pictet & Cie SA as a non-executive director.
We are delighted to welcome Sven to the Board of Partners. He has proven himself at Pictet many times over, not just with what he has achieved, but also with how he has done so – always humble and constructive with sharp analysis and diligent execution. He also adds an important younger generational element to the Board of Partners.” said Senior Managing Partner, Renaud de Planta.
Renaud de Planta added, “Rémy has been an exceptional managing partner, professionalizing each area that he was responsible for and providing wise counsel with empathy. I have known about his decision to step down from the partnership for quite some time, and we are pleased to continue to count on him as a non-executive director.”
About Sven Holstenson
Sven Holstenson has been with Pictet since 2012, joining as an analyst in the internal consulting team. In 2015 he moved to Pictet Wealth Management (PWM), where he held various roles before being appointed Head of Europe for PWM in 2019. In this position, he oversees the 6 European branches of the business line, comprising 12 offices and more than 250 employees. The business in the region has grown significantly under his leadership. In addition to managing, Sven also covers ultra-high-net-worth clients across the region. He is a member of the Executive Committee of Pictet & Cie (Europe) SA, the European bank of the firm, and was appointed equity partner this year. Before joining Pictet, Sven worked as a management consultant for McKinsey & Co.
He holds a Master’s degree from the Swiss Federal Institute of Technology and an MBA from INSEAD. His appointment is pending formal regulatory approval.
About Rémy Best
Rémy Best joined Pictet in 1997 and has been a managing partner since 2003. During his time at the firm, he has managed or co-managed many of the Group’s activities, including Pictet Asset Management, Pictet Wealth Management, Technology & Operations, and most corporate functions. He has played an integral role in the development of Pictet since 1997, helping take the firm from 1,100 employees in nine offices managing assets of CHF 100bn to 5,100 employees in thirty offices managing assets of well over CHF 600bn. In addition to his position at Pictet, Rémy has always held significant non-executive director roles. Currently, these include but are not limited to serving as a member of the Assembly of the International Committee of the Red Cross and sitting on the Board of INSEAD.
Rémy Best commented, “I am grateful for these fantastic 25 years. I have had the privilege to work with remarkable teammates and I look forward to continuing to do so as a non-executive director. My decision to step down from the partnership at this time was made years ago, but Pictet remains my home: an amazing and unique company that is always focused on taking a responsible approach and on what is best for our clients.”
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