Pictet Wealth Management has appointed Kelvin Tay as its new Chief Investment Officer for Asia, strengthening its investment team as the firm continues to grow its business in the region.
Based in Singapore, Tay will report to Victor Aerni, Chief Executive Officer of Pictet Wealth Management Asia, and functionally to César Pérez Ruiz, Head of Investments and Chief Investment Officer. He will also join the firm’s Global Investment Committee and the Asia Executive Committee.
In his new role, Tay will lead research on the economies of major Asian markets and help develop investment strategies for the region that support Pictet’s global asset allocation. He will also be the firm’s main spokesperson in Asia for investment research, sharing its market views with clients, the media and other stakeholders.
Tay brings more than 30 years of experience in investment research and asset allocation. He joins from UBS Wealth Management, where he spent 20 years, most recently serving as Chief Investment Officer for South Asia Pacific. Earlier in his career, he managed an Asia equities portfolio at Deutsche Bank Wealth Management Asia and worked as a regional telecommunications analyst at JP Morgan Chase and ABN Amro.
Alongside his industry career, Tay has also taught finance in Singapore. He is an Adjunct Associate Professor at Nanyang Technological University’s Nanyang Business School, an Adjunct Lecturer at Singapore Management University’s Lee Kong Chian School of Business, and a Lead Lecturer at the Wealth Management Institute. He holds an MBA with distinction from Imperial College London, as well as bachelor’s degrees from the National University of Singapore.
Victor Aerni said Tay’s appointment reflects the firm’s focus on growing its business in Asia.
“We are pleased to welcome Kelvin to Pictet. Our Asia business is a key strategic focus for the Group. As we further grow our teams and broaden and deepen our client relationships, Kelvin’s experience will help to reinforce our Asia client franchise and strengthen Pictet’s investment-led approach that our clients value,” Aerni said.
César Pérez Ruiz said Tay would play an important role in expanding the firm’s investment expertise in Asia.
“Kelvin will be a very valuable addition to our Investment Platform as we continue to strengthen our investment expertise in Asia and enhance our capabilities. He will play a key role in delivering Pictet Wealth Management’s investment strategies and solutions to our clients in Asia, who look to us for timely and practical asset allocation insights,” he said.
