Pictet Asset Services expands its activity to Monaco

Pictet Asset Services, the asset servicing business line of the Pictet Group, is opening a booking centre for external asset managers in Monaco in April 2021, with a local presence of dedicated client relationship managers. The team will join Pictet’s banking branch in Monaco, which opened in February 2020.

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.