New Head of Pictet Wealth Management Iberia

Pictet has hired Pedro González Grau as Head of Pictet Wealth Management Iberia and CEO of Pictet & Cie (Europe) SA, Spain. He will take up his new position on 1 July 2022, pending regulatory approvals.

After 11 years of successful leadership of Pictet Wealth Management in Spain, Luis Sanchez de Lamadrid will step down as Head of Pictet Wealth Management Iberia and CEO of Pictet & Cie (Europe) SA, Spain to focus on servicing key Spanish clients as a Managing Director and senior relationship manager. He will also join the Advisory Board of Pictet Wealth Management Iberia. Since joining Pictet Wealth Management in 2011, he grew the Spanish business into a very significant franchise for the firm, developing strong relationships with clients and growing our brand in the market.

Pedro González Grau has 25 years of experience in private banking and will report to Sven Holstenson, Head of Pictet Wealth Management Europe. Until last year, he was chairman of the board of MoraBanc Group, a family-owned financial services business and, prior to that, its CEO. Over a period of seven years, he led the successful transformation of its businesses in Andorra (MoraBanc), Zurich and Miami (Boreal Capital Management). Previously, he was a managing director at Goldman Sachs, where for over 15 years he was responsible for developing the wealth management business successively in Spain, Europe, the Middle East and Africa (EMEA) and Latin America.  He has been a board member of Bankinter, Tressis and Goldman Sachs Bank AG.  He serves as patron of the board of United World Colleges (UWC) Foundation in Spain, having previously been member of the Board of Governors of UWC Atlantic College in Wales (UK).

On his appointment, González Grau said: “I am thrilled to be joining the world class team at Pictet, a company I have admired for many years. I am excited to help build on the extraordinary service and investment offering it provides for its clients”.

Pictet Managing Partner Marc Pictet commented: “We are pleased to welcome Pedro to Pictet. His deep experience of wealth management and entrepreneurial spirit will be key to pursuing our growth ambitions in Spain. We also appreciate Luis’ considerable achievements and are glad to be able to count on his continued support with our Spanish clients.”