Renaud de Planta

Last updated
Renaud de Planta
Renaud de Planta.jpg
de Planta in 2021
Born (1963-11-15) 15 November 1963 (age 60)
OccupationSwiss bank executive
Years active1989–present

Renaud de Planta (born 15 November 1963) is a Swiss bank executive and private bank Senior Partner at the Pictet Group.

Contents

Life

Renaud Fernand de Planta was born on 15 November 1963 in Geneva. He is the son of André de Planta and Muriel de Planta-Dominicé. [1] The von Planta or de Planta family is a well-known Swiss noble family originating from the Grisons. De Planta grew up in Turin and Geneva and attended Geneva's Collège Calvin secondary school, graduating in June 1982 with the Type A Matura. He went on to study economics at the University of St. Gallen, followed by studies in economics, majoring in finance, at the Graduate School of Business of the University of Chicago, from where he obtained a Master of Business Administration (M.B.A) in 1987. He continued his studies at the University of St. Gallen and earned a doctorate in Economics (Dr. oec.) in 1989. [2]

Career

De Planta's career began in February 1988, when he took up a position at UBS in Zürich as a Senior Economist in the Economic Research Department. He then moved to UBS's Capital Markets Department as Head of Product Development and Risk Management, before taking over responsibility for bond derivatives and, ultimately, bond trading. After two years as Head of Equities and Bonds at UBS in Geneva, the bank sent him to Hong Kong in June 1995 as CEO for North Asia, where he was responsible for the China, Hong Kong, Philippines, South Korea and Taiwan markets. He then served as Global Head of Equity Derivatives at UBS Warburg in London. In June 1998, he moved to the Pictet Group, where he became a Managing Partner upon joining. [3] At Pictet, he was initially responsible for the fund business and in 1999 assumed joint responsibility for the Group's entire asset management operation, which he headed until the end of 2017. During this period, Pictet's asset management business grew substantially from a 20 to 230 billion Swiss francs, the second-largest Swiss provider in terms of assets under management. [4] This growth was due in part to the product approach of asset management with the launch of new types of investment products in the area of thematic funds, as well as emerging market and long-short offerings. [5]

The Pictet Group is managed by a limited number of Managing Partners. Unlike managers of typical commercial banks, there are differences in liability and remuneration. As such, Pictet's Managing Partners do not receive an employee's salary. [6] At the end of 2017, Renaud de Planta took over the role of Deputy Senior Partner. In doing so, he relinquished responsibility for asset management and took charge of other important business units in the company. As the longest-serving partner at the time, Renaud de Planta was appointed Senior Partner of the Pictet Group with effect from 1 September 2019. [7] In this role he represents the Pictet Group internally and externally. In the event of decisions where consensus cannot be reached among the Managing Partners, the Senior Partner acts as Primus inter pares (first among equals) and mediator in the team of equal partners.

In the wake of the collapse of Credit Suisse in the Spring of 2023, Renaud de Planta was the only active financial services executive appointed by Swiss Federal Councillor and Finance Minister Karin Keller-Sutter to the Expert Group on Banking Stability tasked with making proposals to the Federal Council to further strengthen the Swiss financial system. In September 2023 and effective May 2024, he was nominated to the Bank Council of the Swiss National Bank by the Federal Council. [4] [8]

Honours and awards

Other activities

Related Research Articles

<span class="mw-page-title-main">Private bank</span> Type of financial institution

Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.

Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.

<span class="mw-page-title-main">Ernesto Bertarelli</span> Swiss-Italian businessman (born 1965)

Ernesto Silvio Maurizio Bertarelli is an Italian-born Swiss billionaire businessman and philanthropist.

<span class="mw-page-title-main">Peter Wuffli</span> Swiss businessman (born 1957)

Peter A. Wuffli is a Swiss businessman who was appointed president and chief executive officer of UBS AG in December 2001 after having been chief executive of UBS Asset Management and the company's chief financial officer.

Julius Bär Group AG, known alternatively as Julius Baer Group Ltd., is a private banking corporation founded and based in Switzerland. Headquartered in Zürich, it is among the older Swiss banking institutions. In terms of assets under management, Julius Baer is number two among Swiss banks after UBS and the biggest pure-play private bank. The bank's reputation has been marred by various controversies and legal challenges. These include a legal dispute with WikiLeaks in 2008, allegations of aiding U.S. citizens in tax evasion in 2011, and a censure by the Swiss Financial Market Supervisory Authority (FINMA) in 2020 for deficiencies in combating money laundering. The bank has also been implicated in money laundering scandals involving corrupt Venezuelan officials and has faced investigations for its role in the FIFA corruption case. These controversies have cast a shadow on its legacy and raised questions about its compliance and ethical practices.

The Pictet Group, known as Pictet, is a Swiss multinational private bank and financial services company founded in Switzerland. Headquartered in Geneva, it is one of the largest Swiss banks and primarily offers services in wealth management, asset management, and asset servicing, to private clients and institutions.

<span class="mw-page-title-main">Ulrich Körner</span> German-Swiss business person (born 1962)

Ulrich Körner is a German-Swiss businessman. In March 2021, he was named CEO Asset Management of Credit Suisse until July 2022, when he was appointed CEO of Credit Suisse AG.

<span class="mw-page-title-main">Banque Bonhôte</span>

Banque Bonhôte & Cie is a Swiss private bank founded in 1815 in Neuchâtel. It is active in the wealth and asset management sector.

<span class="mw-page-title-main">UBS</span> Multinational investment bank headquartered in Switzerland

UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. Because of the bank's large positions in the Americas, EMEA and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank.

The Swiss Finance Institute (SFI) is a national center for research, doctoral training, knowledge exchange, and continuing education in the fields of banking and finance. Created in 2006 as a public–private partnership, SFI is a common initiative of the Swiss finance industry, leading Swiss universities, and the Swiss Confederation.

Brinson Partners was an asset management firm focused on providing access for U.S. institutions to global markets. The firm was founded by noted investor Gary P. Brinson in the 1980s and established as an independent firm in 1989. Brinson was acquired by Swiss Bank Corporation in 1994 and became the core of the Swiss bank's asset management business in the U.S.

<span class="mw-page-title-main">Bank Lombard Odier & Co</span> Swiss Private Bank

The Lombard Odier Group is an independent Swiss banking group based in Geneva. Its operations are organised into three divisions: private banking, asset management, and IT and back and middle office services for other financial institutions. In 2022, the bank had total client assets of CHF 296 billion, which makes it one of the biggest players in the Swiss private banking sector.

<span class="mw-page-title-main">Wegelin & Co.</span>

Wegelin & Co. is a former private bank that was located in St. Gallen in the Canton of St. Gallen in Switzerland, and specialized in private banking and asset management.

<span class="mw-page-title-main">Bordier & Cie</span> Swiss independent private bankers

Bordier & Cie is a Swiss private banker founded in 1844 in Geneva and active in wealth management for private clients. It is the last French-speaking private banker in Switzerland, headed by three partners with unlimited responsibility on their own assets. The institution holds a banking license in Switzerland, Turks and Caicos Islands and Singapore and has branches in the United Kingdom, France and Uruguay.

Mirabaud is a Swiss private bank based in Geneva, Switzerland. Mirabaud provides services in wealth management, asset management and brokerage to private clients and institutions around the world.

<span class="mw-page-title-main">Swiss Private Bankers Association</span> Swiss banking association

The Swiss Private Bankers Association is a Swiss trade association made up of banking institutions that meet the legal definition of a private banker according to Swiss law. It is based in Geneva, Switzerland, and currently has six members.

Rainer-Marc Frey is a Swiss businessman and investor. He is active in the Swiss financial services sector and the international hedge fund industry.

<span class="mw-page-title-main">Boris Collardi</span> Swiss-Italian bank manager

Boris Francesco Jean Collardi is a Swiss-Italian banker who used to serve as a partner at Pictet Group. Having joined the Julius Baer Private Bank as COO in 2006, he was the CEO from May 2009 until his unexpected resignation and move to competitor Pictet in November 2017.

<span class="mw-page-title-main">Céline Amaudruz</span> Swiss politician

Céline Marie-Claire Amaudruz is a Swiss banker, attorney and politician who currently serves on the National Council (Switzerland) for the Swiss People's Party since 2011. Amaudruz previously served as president of the Grand Council of Geneva between 2010 and 2016. She is among the richest Swiss politicians in the legislative estimated by Handelszeitung.

References

  1. Planta, de, Renaud (1963 - ). les élites suisses. (fr). Retrieved 2023-01-26
  2. Renaud Planta: Controlling Interest Rate Risk - the Case of Universal Banks. Dissertation Nr. 1134, Universität St. Gallen, difo-druck schmacht, Bamberg 1989
  3. 1 2 Pictet-AR2019-Financial-annual-report-EN(1).pdf Financial Annual Report Pictet 2019, p. 19. Retrieved 2023-01-26
  4. 1 2 Müller, André (2023-10-03). "Pictet: Senior Partner Renaud de Planta tritt kürzer". Neue Zürcher Zeitung (in German). ISSN   0376-6829 . Retrieved 2024-01-16.
  5. "Cinq banquiers devenus incontournables à Genève - Le Temps" (in French). 2016-05-22. ISSN   1423-3967 . Retrieved 2024-01-16.
  6. Chanchal Biswas and Albert Steck: Renaud de Planta: Als Teilhaber bei Pictet hat man keinen Lohn. NZZ am Sonntag, 11 July 2020. Retrieved 2023-01-26
  7. Renaud de Planta neuer Senior Partner bei Pictet. Finanz & Wirtschaft, 6 February 2019. Retrieved 2023-01-26
  8. "Marc Pictet sera le prochain associé senior de Pictet - Le Temps" (in French). 2023-10-03. ISSN   1423-3967 . Retrieved 2024-01-16.
  9. Erik Nolmans: Banker-Ranking. In: Bilanz, October 2019 und October 2022.
  10. Foundation Board. cimb.ch. Retrieved 2023-01-26
  11. The Foundation Board. International Museum of the Reformation. musee-reforme.ch. Retrieved 2023-01-26
  12. Zaugg, Julie (21 September 2022). "Une nouvelle fondation pour booster l'attractivité de Genève". lemanbleu.ch (in French). Retrieved 2024-01-16.