Bank Pictet & Cie (Europe) Ltd (BPAG), the European arm of the Pictet Group, has announced the appointment of Armin Eiche as its new CEO. He will assume the role on January 1, 2025.

Eiche is an equity partner of the Pictet Group and has been Head of Pictet Wealth Management in Germany since 2011. As CEO of the European Head Office, he will succeed Christian Schröder, who has successfully led and coordinated the relocation of the European Head Office from Luxembourg to Frankfurt in 2023 and the associated legal transition since 2021.

Schröder Will Remain at Pictet

Christian Schröder, also an equity partner who has held various management positions at Pictet since 2000, will remain associated with the bank and will join the Supervisory Board of BPAG at a later date in 2025, according to a statement.

Eiche will remain responsible for Wealth Management in Germany.

Demonstrating Robustness and Continuity

«I am very proud that we have achieved the transitionof the Pictet Group's European headquarters in record time,» said Schröder.

«Christian Schröder has successfully managed a wide range of extensive strategic projects for the Group over the past 25 years, for which we are bery grateful to him. We are therefore pleased to be able to continue to rely on his advice in the future. At the same time, we are delighted to have found an excellent internal solution for his succession in Armin Eiche. Both appointments once again highlight the robustness and continuity that Pictet consistently upholds, even during transitins in leadership,» said Marc Pictet, Senior Partner of the Pictet Group.