Pictet's Growth to Come From Greater China, Southeast Asia: Collardi

The video discusses a company's strategy for expanding its wealth management services in Asia, focusing on high net worth clients. It highlights the importance of Hong Kong and Singapore as hubs, the commitment to hiring in Asia, and the ambition to enter the top ten wealth managers. The company is cautious about entering the Chinese market but sees potential. It advises clients to stay invested in equities, increase private equity allocation, and seek protection amid market uncertainties.

What regions are Pictet focusing on for growth in Asia?

• South America and Europe

• North Asia and Southeast Asia

• Australia and New Zealand

• Africa and the Middle East

What is Pictet's approach to hiring in Asia?

• Hiring as many people as possible without a strategy

• Choosing the right people to implement their strategy

• Focusing on hiring from Europe

• Hiring only from local universities

What is Pictet's ambition in the wealth management sector in Asia?

• To become the largest wealth manager in the world

• To focus solely on small businesses

• To enter the top ten wealth managers in Asia

• To reduce their presence in Asia

How does Pictet plan to enter the Chinese market?

• Through a joint venture with a local company

• By acquiring a local bank

• By going on their own

• By partnering with a European bank

What is considered the biggest risk in the market according to Pictet?

• Over-reliance on technology

• Lack of investment opportunities

• Political relationships leading to economic uncertainty

• High inflation rates

What investment advice does Pictet give to its clients?

• Withdraw all investments

• Invest only in government bonds

• Focus solely on cryptocurrency

• Stay invested in risky assets and increase private equity allocations

What trend is Pictet observing among its clients regarding investments?

• A strong interest in real assets and responsible investing

• A preference for short-term investments

• A shift towards traditional banking

• A move away from equities