Pictet Asset Services, the asset servicing business line of the Pictet Group, has been appointed by Pareto Asset Management – the Oslo-based asset management arm of the Pareto Group, a leading independent provider of financial services in the Nordic market – to provide custody, management company and fund administration services for its Luxembourg-domiciled UCITS umbrella fund.
Since 28 November 2025, Pictet Asset Services has been providing its extensive range of custody, fund administration and governance services to the Luxembourg-domiciled UCITS umbrella fund, Pareto SICAV. The fund comprises four subfunds and manages assets totalling EUR 3.2 billion.
“We are delighted that Pareto Asset Management, a leading figure in the Nordic asset management landscape, has chosen us as the new asset services provider for its UCITS umbrella fund. This mandate further expands our footprint in the region and strengthens our positioning in the segment of UCITS funds promoted by Nordic asset managers. We look forward to supporting Pareto Asset Management in its growth ambitions,” said Marc Briol, CEO of Pictet Asset Services.
“We are pleased to announce our partnership with Pictet, the culmination of a selection process in which Pictet stood out for its service quality. This collaboration brings together our two institutions and our shared values of long-term thinking, client focus and responsible investing. We are confident that this partnership will create a robust foundation for sustainable success and long-term value creation for our clients,” says Eric von Koss Torkildsen, CEO of Pareto Asset Management.
Pareto SICAV is registered for sale in Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, the United Kingdom, Iceland, Italy (professional investors only), Netherlands, Norway and Sweden.
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