Ex-Pictet Boss Renaud De Planta Leaves Switzerland for Italy
Swiss voters are set to decide if the state should be able to take half of all assets above 50 million Swiss francs passed on after death.
Photographer: Andrew Kravchenko/BloombergOne of Switzerland’s top private bankers has moved to Italy, the latest in a line of wealthy individuals to relocate to the Mediterranean nation.
Renaud De Planta, who stepped down as Geneva-based Banque Pictet & Cie SA’s managing partner last year, relocated to the neighboring nation in recent months, a person familiar with the matter said. He continues to sit on the bank’s board as well as the Swiss National Bank’s Bank Council.