Pictet Asset Services has secured the mandate from Pareto Asset Management to oversee custody, management company, and fund administration services for Pareto SICAV, a Luxembourg-domiciled UCITS umbrella fund.
The arrangement began in November 2025.
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Pictet Asset Services CEO Marc Briol said: “We are delighted that Pareto Asset Management, a leading figure in the Nordic asset management landscape, has chosen us as the new asset services provider for its UCITS umbrella fund.
“This mandate further expands our footprint in the region and strengthens our positioning in the segment of UCITS funds promoted by Nordic asset managers. We look forward to supporting Pareto Asset Management in its growth ambitions.”
The Pareto SICAV umbrella includes four subfunds, holding a combined €3.2bn ($3.7bn) in assets.
The fund is authorised for distribution across multiple markets, including Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, the UK, Iceland, Italy (for professional investors), Netherlands, Norway and Sweden.
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By GlobalDataPareto Asset Management CEO Eric von Koss Torkildsen said: “We are pleased to announce our partnership with Pictet, the culmination of a selection process in which Pictet stood out for its service quality.
“This collaboration brings together our two institutions and our shared values of long-term thinking, client focus and responsible investing. We are confident that this partnership will create a robust foundation for sustainable success and long-term value creation for our clients.”
Pictet Group focuses exclusively on wealth management, asset management, alternative investments and does not engage in investment banking.
For the year ending 31 December 2025, the group recorded assets under management or custody of SFr757bn ($987bn), up from SFr724bn in 2024.
