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Pictet Hire for Asset Management Role

Stephen Harris

12 May 2006

Pictet has hired Nick Mustoe to be its chief investment officer for equities in its asset management division in London. Mr Mustoe has been chief investment officer at Hermes Pensions Management since 2001, where he was responsible for the group's entrance into hedge funds and commodities. PAM, which is the institutional division of Pictet & Cie, the Swiss private bank, manages £41 billion ($77.3 billion).