<p><span>At this year’s SIX Annual General Meeting held today, SIX has announced the election of three new members to its Board of Directors, following the resignation of three previous members.</span></p>
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Author: François Aulner|Update: 02.04.2021 13:43 The bank confirmed the news to RTL on Thursday; however, the Luxembourg office will retain the majority of its employees.
Of the 700 staff members employed by the bank in Luxembourg, just 40 will be transferred to the Frankfurt office.
Pictet s key activities in the Grand Duchy, including Pictet Wealth Management, Pictet Asset Management, Pictet Alternative Advisors, Pictet Asset Services, Fund Partner Solutions and Pictet Technologies, will remain as they are, with the group retaining more than 650 employees in Luxembourg.
The Frankfurt move is said to be a strategic decision aimed at strengthening Pictet s presence in Germany and is set to take place in the second half of 2022.