Geneva-based Pictet Group’s decision to augment its three existing business lines with a fourth called Pictet Alternative Advisors provides further evidence of the growing importance of so-called alternative asset classes, and private assets in particular, within the asset management universe.
Pictet Alternative Advisors joins Pictet Wealth Management, Pictet Asset Management and Pictet Asset Services as the Geneva-based private banking and asset management group’s reporting units.
It assumed its new status in January 2020, according to Pictet’s newly published 2019 Annual Review, and will build on the expe...