Singapore-based investment banking firm Bank Pictet & Asia Ltd, part of the Switzerland-based Pictet Group, today announced that Dominique Jooris has been appointed as CEO for Pictet Wealth Management (PWM) South Asia, according to an official company statement on the new hire.
Mr. Jooris departs Goldman Sachs where he most recently served as managing director based in Hong Kong overlooking credit capital markets in Asia, in addition to other senior roles that he held at the company over the past nearly 12 years.
We are delighted that Dominique Jooris, with his long experience in Asia, has joined to lead our team in Singapore.
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CEO of PWM South Asia
As part of his new role as CEO of the PWM South Asia division, Mr. Jooris will lead business development across the South and South-East Asia regions and will report to Claude Haberer, CEO of Asia for the company PWM unit.
Mr. Jooris initially began his finance career at JP Morgan within the Mergers & Acquisitions (M&A) Group, before joining Goldman Sachs in 2005. He earned a degree in Engineering in Belgium from the Solvay Business School in Brussels, as described in the announcement from Pictet.
Nicolas Pictet, Partner of the Pictet Group, said in a statement: “We are delighted that Dominique Jooris, with his long experience in Asia, has joined to lead our team in Singapore.”
Simon Ong also departs
The news followed reports by Reuters that cited sources confirming that Goldman Sachs lost other senior persons including Simon Ong and how the company wasn’t planning to replace his role nor the role lost to Pictet.
This indicates either a consolidation of the roles and/or operations in the region for the US-based investment bank as coverage by Reuters highlighted that four managing directors are left to run Goldman’s credit and debt capital markets business in Asia (excluding Japan), amid the departures of Mr. Ong and Mr. Jooris.
Meanwhile, Pictet noted that in recent years it has experienced rapid development with over 110 staff in Singapore, and 90 staff in Hong Kong where it has had a presence for over 20 years, as described in the announcement.