Pictet's Percival Stanion passes away

Head of multi asset

Pictet's head of multi asset Percival Stanion has passed away at the age of 60 following an illness.

Stanion joined Pictet in 2014 as head of multi asset from Baring Asset Management where he held the same role. Prior to that he had worked at BNP Paribas Asset Management as head of asset allocation for three years and had previously spent six years at Pictet Asset Management, during which time he was responsible for global diversified accounts. A spokesperson for Pictet Group said: "Percival was an equity partner who joined Pictet in 2014 to head Pictet Asset Management's international Multi-Asset business, based in London. "But we knew him for a long time, as he had previously wo...