Pictet Asset Services, the asset servicing business line of the Pictet Group, is opening a booking centre for external asset managers in Monaco, with a local presence of dedicated client relationship managers.
Pictet group which set up its banking branch in Monaco last February 2020 to serve mainly private resident client base, announces today the opening of its Pictet Asset Services – covering the entire asset servicing value chain including custody, fund administration and governance as well as trading services for business-to-business clients, mainly external asset managers both for funds and private clients as well as institutional clients such as pensions funds, institutions and banks.
The team will join Pictet’s banking branch in Monaco, which opened in February 2020. The new booking centre in Monaco adds to the network of locations currently available to external asset managers: Geneva, Zurich, Luxembourg, London, Paris and Madrid.
«We are pleased to develop our activity in Monaco, in line with the Pictet Group’s commitment to the European market. This expansion represents an opportunity to develop long term relationships with investment fund managers based in the Principality seeking high quality services ».Marc Briol, CEO of Pictet Asset Services
«With a domestic market estimated at EUR 110 billion in bankable assets, Monaco has become a popular international financial centre for wealth management over the years. We are delighted to welcome Pictet Asset Services and join forces with them to further develop Pictet’s presence in the Principality.»Alain Ucari, Head of Pictet Wealth Management in Monaco
Source : Communication Pictet Group