Octogone Group is hiring Ivan Peruffo as Directeur Général of its Swiss entity, effective immediately, it said in an emailed statement on Wednesday.

Previously, Peruffo worked at Pictet Group, where he was head of French Speaking Switzerland for Pictet Asset Services, where he serviced independent asset managers.

Tighter Regulation

Switzerland has around 2000 asset managers who are undergoing significant changes as regulation in the sector has tightened.