Global Investment Performance Standards (GIPS)

Pictet Asset Management (PAM) is the institutional business division of Pictet & Cie. PAM includes all the operating subsidiaries and divisions of the Group that carry out institutional asset management. It comprises PAM (Switzerland), PAM (London) and PAM (Tokyo). PAM is ultimately owned by the Partners of Pictet & Cie.

For the purpose of complying with GIPS, the Firm is defined as Pictet Asset Management and comprises all assets managed by the subsidiaries and divisions of Pictet Asset management in Switzerland (Geneva and Zurich), United Kingdom (London) and Japan (Tokyo).

"The GIPS standards ensure fair competition, global transparency and increase the credibility of the Investment Managers who comply. They enable Pictet Asset Management to constantly review our internal processes, controls and product range", commented Christoph Lanter, Group Managing Director and Chairman of PAM's performance presentation steering committee.

Dimitri Senik, Head of Investment Performance Services at PricewaterhouseCoopers in Switzerland, who leads Pictet Asset Management's PPS verification, confirmed "Compliance with performance presentation standards on global basis sets a true 'best practice' example with a voluntary independent verification adding even more credibility to this achievement".