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.” says Marc Briol, CEO of Pictet Asset Services.
Alain Ucari, Head of Pictet Wealth Management in Monaco, comments: “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.”
Pictet Group Corporate Communications
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