Private banks reveal manager selection process

Track record is just one criteria wealth managers weigh up in terms of third-party fund selection. They also prioritise fund size, institutional stability, manager experience and product demand. Pictet Wealth Management has a list of about 49 funds globally from 42 different fund management houses, indicating it has been cherry-picking products. Mussie Kidane, vice-president and head of fund selection at Pictet WM, heads a team of six in Geneva who pinpoint external products to …