Nicholas Johnson, chief investment officer of Pictet Asset Management, is moving to the new role of chairman of Pictet Asset Management UK, resulting in a number of management changes at the firm.

Johnson's role will effectively be split into two, which will in part be filled by John-Paul Smith, currently head of global emerging markets.

Renée Schultes

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Pictet reshuffles fund management

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