Pictet Asset Management opens first US office in New York City
Pictet Asset Management, one of Europe’s leading independent asset managers, announced today the official opening of its first US office in New York City. The new office, Pictet Asset Management (USA) Corp is located at 712 5th Avenue and will be led by Elizabeth Dillon (Liz). Liz will be joined by Mike Acker Head of Key Accounts, Nick Mavro, Head of US Institutional and Jorge Corro, Head of US Offshore.
Liz Dillon is returning home to New York after spending 19 years working for Pictet Asset Management in Geneva and London, most recently as Head of Global Financial Institutions, and will be appointed as CEO of Pictet Asset Management (USA) Corp.
Liz comments, “While we understand this is a challenging time as New Yorkers continue to make adjustments to their professional and personal lives, we are committed to bringing our highly experienced team to the financial capital of the world”.
Pictet Asset Management is an independent asset manager, overseeing over USD 209 billion (as at end June 2020) for clients across a range of equity, fixed income, alternative and multi asset products. The firm provides specialist investment services through segregated accounts and investment funds.
Pictet Asset Management is part of the Pictet Group which was founded in Geneva in 1805. The Pictet Group is owned and managed by seven managing partners who are responsible for the entire business of the Group. The principles of succession and transmission of ownership have remained unchanged since 1805. Over the past 215 years there have been only 43 partners, each with an average tenure of over 20 years.
Laurent Ramsey, Managing Partner of the Pictet Group and Co-CEO of Pictet Asset Management said, “The US, which represents the largest savings market in the world, is a sophisticated, competitive and open market. Pictet Asset Management’s presence in New York will improve its client service capabilities, increase its visibility in the region and offer Pictet the possibility to benefit from being present in the US -- one of the largest and best talent pools in the world.”
Pictet Asset Management plans to expand the New York team to 12 and is actively recruiting.