Pictet to administer Pareto’s Luxembourg UCITS fund

Core Insights - Pictet Asset Services has been appointed by Pareto Asset Management to provide custody, management company, and fund administration services for the Pareto SICAV, a Luxembourg-domiciled UCITS umbrella fund, starting from November 2025 [1][2] - The partnership aims to enhance Pictet's presence in the Nordic asset management sector and support Pareto's growth ambitions [2][3] Group 1: Partnership Details - The Pareto SICAV umbrella fund consists of four subfunds with total assets amounting to €3.2 billion ($3.7 billion) [2] - The fund is authorized for distribution in multiple markets, including Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, the UK, Iceland, Italy (for professional investors), Netherlands, Norway, and Sweden [3] Group 2: Company Statements - Pictet Asset Services CEO Marc Briol expressed satisfaction in being chosen as the asset services provider for Pareto, highlighting the significance of this collaboration in the Nordic asset management landscape [1][2] - Pareto Asset Management CEO Eric von Koss Torkildsen emphasized the quality of service provided by Pictet during the selection process and the shared values of both institutions regarding long-term thinking and responsible investing [3][4] Group 3: Financial Performance - For the year ending December 31, 2025, Pictet Group reported assets under management or custody of SFr757 billion ($987 billion), an increase from SFr724 billion in 2024 [5]