The former Head of Pictet Wealth Management in Germany will head the Pictet Group's European bank from next year.
Bank Pictet & Cie (Europe) AG (BPAG), the Pictet Group's European bank, is to appoint a new CEO, Armin Eiche. He will take up his new 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 underline once again the robustness and continuity that Pictet always demonstrates, even when responsibilities change hands,» said Marc Pictet, Senior Partner of the Pictet Group.
