Pictet Appoints New Joint Heads in Germany

Geneva-based private bank Pictet & Cie has appointed Jörn Struve and Dr Michael Lepach as joint heads of its private banking operations in Germany as of 1 September 2007. Both will be based in Frankfurt.

Pictet said the move underlines its commitment to grow its onshore private banking operations in Europe’s largest economy. This had previously been the responsibility of Hermann Günther, chief operating officer of Pictet in Germany, and Dr Heinrich Adami, managing director of Pictet Investment Company in London.

Mr Struve joins from Munich-based private bank Hauck & Aufhaeuser, where he was acting partner and head of the private banking operations.

Dr Lepach joins from Wilhelm von Finck, a private banking subsidiary of Deutsche Bank, where he was on the executive committee.

Pictet has also appointed Dr Andreas Mueller, a senior private banker and tax expert who joins from Deutsche Bank’s wealth management unit.