Elizabeth Dillon was named CEO of Pictet Asset Management (USA).
The position is new and is based in the newly opened New York office of parent Pictet Asset Management, a European money manager, a spokesman confirmed. It is the manager’s first U.S.-based location.
Ms. Dillon, who began her new position Monday, was previously head of global financial institutions at Pictet.
Pictet Asset Management had $209 billion in assets under management as of June 30.