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"You can't be intellectually independent without being financially independent."




Christoph Lanter
Group Managing Director

Head of Business Development
& Client Relationship Management



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Our organisation

With fifteen business development centres around the world, Pictet Asset Management has a global reach that extends from London, Geneva, Frankfurt, Luxembourg, Paris, Milan, Madrid and Zurich to Tokyo, Osaka, Taipei, Hong-Kong, Singapore, Dubai and Montreal.

 

Management structure

Pictet Asset Management is managed by its own executive board of seven members, headed by Renaud de Planta, one of the Bank's eight Managing Partners.

Membership of the board represents each major function:

 

  • investment management and research
  • business development and client relationship management
  • operations


Pictet Asset Management is organised into six divisions, each reporting directly to the Managing Partner. Finance, Compliance & Legal as well as Human Resources report directly to the Executive Board.


Investment teams

Our investment teams are structured on an asset class basis. Each investment team draws upon a range of external and internal resources, including our own sector specialists.

We believe that investment portfolios are best managed as an integrated global whole, rather than a congeries of regional portfolios. To do this successfully, we combine the traditional, regional organisation of expertise with a global organisation based on sectors.

Asset management activities are carried out in five centres – London, Geneva, Zurich, Singapore and Tokyo – and fall into the following categories, i.e. Strategy Unit; Global/Regional Equities; Balanced & Quantitative Investments; Emerging Equities; Small Cap; Swiss Equities; Sector & Theme funds and Fixed Income.

Financial analysts provide a strong research platform for the investment managers.


Equities

 

  • Global
  • Regional (EAFE, Japan and Europe)
  • Small Caps
  • Emerging
  • Swiss
  • Sector & Theme funds
  • Total Return

 

Equities
Sector & Theme Funds 


Fixed Income

 

  • Global & Regional bonds
  • Global Emerging Debt
  • Swiss & Core Solutions
  • Credit & Structured Credit
  • Money Market
  • Absolute & Total Return
  • Fixed Income Solutions

 

Fixed Income


Balanced & Quantitative

 

  • Quantitative Investments
  • Sustainable Investments
  • Balanced
  • Multi-Asset & Total Return

 

Balanced
Sustainable Investments

Quantitative Investments


The four developed equity portfolio construction teams are: Global, EAFE, Japan and Europe.


The Fixed Income group comprises specialists in international bonds, including European bonds and Swiss bonds, money markets, currencies, volatility, emerging debt, asset backed securities, investment grade credit and high yield.

Balanced and Quantitative Investment also includes the Multi-Asset and Total Return unit and Socially Responsible Investments teams.

Within clear limits defined by the Executive Board, each business unit is responsible for its own organisation and resource allocation. A senior investment manager heads each business unit, reporting directly to the relevant member of the Executive Board.

 

Pictet also offers alternative products, which cover multi-strategy, multi-manager and European equity long/short funds respectively.


Investment Principles

We believe that markets and stocks often depart from fair value and that we are able to exploit those differences profitably. We try to avoid the consensus, without being unthinking contrarians. The size of our active positions reflects the strength of our convictions and we believe that consistent good performance comes from diversification and a broad range of research inputs. Our investment disciplines should be difficult to reproduce externally.

Value creation requires a framework in which fund managers can confidently allocate active risk according to expected active return, whether in relative or absolute return strategies. Our customised multi-factor risk models allow equity managers to identify the contribution to risk of each element of the portfolio, whether by region, country, sector or stock; while bond managers can see duration, yield curve, forex and credit contributions; all managers monitor liquidity.

Compliance

Staff have an absolute duty to comply with the rules and laws of the jurisdictions in which we operate. Pictet Asset Management’s well-staffed Compliance Team is responsible for advising staff on continued compliance with their relevant legal and regulatory obligations, as well as regularly monitoring those obligations.

All staff are required to acknowledge formally the content of our internal Code of Ethics and to undertake regular compliance training to remain fully instructed on current regulation.

Above all, we expect everyone at Pictet Asset Management to acquire and incorporate the highest standards of compliance in their everyday working practices, from identifying and managing conflicts of interest to open and transparent relationships with colleagues, clients and regulators.