Pictet Appoints Head of Business Development for UK and Northern Europe

PICTET APPOINTS HEAD OF BUSINESS DEVELOPMENT FOR UK AND NORTHERN EUROPE Leading specialist asset manager Pictet Asset Management has appointed Jonathan Hayes as Head of UK and Northern Europe Business Development. Based in London, he will report to Rod Hearn, CEO - Global Business Development. Jonathan will take up this position from July 1st, 2002. Jonathan has worked at Bank of Ireland Asset Management (BIAM) for the past 10 years, most recently as Head of Business Development for UK institutional and retail clients. Prior to this, he was responsible for BIAM's International Business Development in key markets including Channel Islands, Southern Europe, Africa and the Far East. Rod Hearn said: "We are delighted to bring in such a high calibre individual. Jonathan's experience and knowledge of the UK and international institutional marketplace, and the leading consultants, will be an invaluable addition to our business development team and further underlines Pictet's commitment to the UK and the Northern European markets." Pictet Asset Management (PAM) is the institutional asset management arm of Pictet et Cie, the leading private bank in Switzerland, and manages over £21 billion in assets. For further information, please contact: Jo Ongert Billie Clarricoats Senior Manager Direct line. +44 20 7294 3688 Pictet Asset Management Switchboard. +44 20 7490 8828 Direct line. +44 20 7847 5411 E-mail. billiec@lansons.com Switchboard. +44 20 7847 5000 E-mail. jongert@pictet.com Frank Renggli David Masters Press Officer Lansons Communications Pictet & Cie Direct line. +44 20 7294 3687 Direct line +41 22 318 1473 Mobile: +44 7900 204221 Switchboard +41 22 318 2211 Switchboard. +44 20 7490 8828 E-mail: frenggli@pictet.com E-mail. davidm@lansons.com Notes for Editors: About Pictet Asset Management Pictet Asset Management (PAM) is the institutional business division of Pictet & Cie, the leading private bank in Switzerland. Pictet & Cie was founded in 1805 in Geneva and is wholly owned by nine partners. Total assets under management amount to over £50 billion, placing Pictet among the largest independent asset managers based in Europe. PAM includes all the operating subsidiaries and divisions of the Group that carry out institutional asset management. At the end of January 2002, assets managed by PAM alone amounted to over £21.5bn billion, sourced from 'blue chip' clients world-wide and invested throughout the world's equity and fixed income markets. With eight centres around the world, PAM enjoys a global reach, extending from Geneva, London, Frankfurt, Milan and Zurich to Tokyo, Singapore and Montreal. Pictet & Cie. carries the highest possible individual bank rating from leading credit agency Fitch and has more than three times the capital required under Swiss Banking Law. Pictet Asset Management UK Limited is regulated by the Financial Services Authority ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/26/20020626BIT00710/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/26/20020626BIT00710/wkr0002.pdf