After Exit, Pictet Says Life Without Collardi Won’t Change (1)

A day after Pictet & Cie.’s announcement that partner Boris Collardi would leave, management sought to assure stunned employees that the Swiss bank will do what it does best: stay the course.

Appearing in a town-hall meeting, senior managing partner Renaud de Planta said Pictet’s wealth-management strategy would remain intact, and that no changes were afoot. He was flanked by Marc Pictet, another member of the top management group and a family heir, as well as Collardi himself, who spoke in emotional terms of his three years at the Geneva-based bank, according to people familiar with the meeting. ...