Pictet Asset Services has been appointed by Oslo-based Pareto Asset Management to provide custody, management company and fund administration services for its Luxembourg-domiciled Ucits umbrella fund.
Pareto Asset Management is the Oslo-based asset management arm of Pareto Group, an independent financial services provider in the Nordic region. Pictet Asset Services is the asset servicing division of the Pictet Group.
Since 28 November 2025, Pictet has been delivering custody, fund administration and governance services to Pareto Sicav, which comprises four subfunds and manages €3.2bn in assets.
A Société d’investissement à Capital Variable, or Sicav fund, is a publicly traded open-end investment fund structure offered in Europe. SICAV funds are similar to open-end mutual funds in the US Shares in the fund are bought and sold based on the fund’s current net asset value ( Investopedia).
The fund is registered for distribution across multiple European markets, including Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, the UK, Iceland, the Netherlands, Norway and Sweden, as well as Italy for professional investors only.
Pictet launches fund to capture growth from ageing societies
“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,” said Eric von Koss Torkildsen, CEO of Pareto Asset Management.
