Pictet Appoints First Female Partner in Its 216-Year History
- Swiss private bank promoted Elif Aktug to managing partner
- Francois Pictet moves to partner status, jumping two levels
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Banque Pictet & Cie SA promoted a woman to its top management body for the first time in its 216-year history.
Elif Aktug, a fund manager at the bank’s asset management arm and part of a broader leadership group, was named partner alongside founding-family-member Francois Pictet, bringing the number of current partners to 9, according to a company statement on Monday. So far, the secretive Swiss private bank has only had 43 individuals -- all men, all white -- serve at the highest level.