Pictet Asset Services recognised for excellence in custody services
Best custody bank
2024 ASV-ASWM Custody Bank Awards
In the private custody space, Pictet Asset Services had the pleasure of receiving recognition in two significant categories at the latest ASV-ASWM Custody Bank awards in Compliance and Reputation & Image categories. These prizes were a result of a thorough evaluation of custodians by 40 Swiss members (IAMs) managing over 1 billion CHF each, and totaling over 115 billion CHF in assets, highlights Pictet’s asset services team’s achievements.
Receiving these prestigious awards demonstrates Pictet Asset Services’ excellence in providing exceptional custody services to independent asset managers. Moreover, the recognition of Pictet’s positive image and commitment to regulatory compliance also embodies the Pictet Group’s commitment to stability.
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Reputation & Image
The first award, in the realm of reputation and image, acknowledges our outstanding efforts in building a strong and positive brand. This recognition reflects Pictet’s commitment to maintaining a stellar reputation in the financial industry. This endeavour is crucial for establishing trust and attracting clients, both in the professional B2B segment and their end-clients in the B2C space.
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Compliance
The second award, in compliance, underscores Pictet’s dedication to upholding the highest standards of regulatory compliance. This recognition highlights our unwavering commitment to ethical practices and adherence to regulatory frameworks, all while delivering active and pragmatic support to our clients in this field. By prioritizing compliance, Pictet solidifies its position as a trusted and responsible financial institution.
Best private custody bank
2024 Luxembourg Wealth Management Awards by Hubfinance
Pictet Asset Services was honored at the Luxembourg Wealth Management Awards, receiving three awards.
The awards were determined by votes from 500 participants, including Asset Managers, Wealth Managers, and Family Offices. They are a testament to Pictet's dedication to delivering exceptional service to investors.
Our client partnership model and outstanding employees have contributed to our leadership in private custody within the Luxembourg banking industry.
- Best B2B Customer Experience
This is the overall average of the 16 combined criteria - Pictet obtained the highest overall score based on a comprehensive evaluation of the offering, processes, team skills, and major corporate dimensions (financial strength, ESG, reputation, recognition). - Best Investor Experience
This award refers to the overall interactions and services provided to investor clients by the financial institution. It encompasses not only the traditional or innovative aspects of wealth and investment management but also the overall client experience when interacting with the Bank, whether through human or automated interactions. The primary goal of Investor Experience is to ensure highly personalised service that meets the highest market standards. - Back-Office Excellence
This award refers to the efficiency and quality of the operations and processes that support the front-office activities of the bank, as well as their continuous optimisation. Accuracy, compliance, and diligence in processing are essential sub-criteria. From a technological perspective, process automation, improvement of data management systems, as well as personnel development and training to ensure optimal performance were considered.
