The first office of the asset manager in the United States will be headed by Elizabeth Dillon.
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Pictet Asset Management, one of the leading independent players in asset management in Europe, today announces the opening of its first office in the United States, in New York City. Located at number 712 5th Avenue, Pictet Asset Management (USA) Corp will be headed by Elizabeth Dillon, with Mike Acker as Head of Key Accounts, Nick Mavro as Head of US Institutional and Jorge Corro Head of US Offshore.
Returning to New York after spending 19 years with Pictet Asset Management in Geneva and London, most recently as Head of Global Financial Institutions, Elizabeth Dillon will be appointed CEO of Pictet Asset Management (USA) Corp.
“While we are aware of the difficult times that New Yorkers are going through, who must constantly adapt their professional and personal lives, we are fully motivated to settle with our experienced team in the financial capital of the world,” she said. .
She adds: “We will expand the scope of our team by supporting our existing clients, identifying new growth opportunities and planning the future development of Pictet Asset Management in the United States”.
Pictet Asset Management is an independent asset management company, with more than $ 209 billion under management (at end June 2020) on behalf of its clients through a range of products in equities, bonds, alternative investments and multi -active. It offers specialized management services through specific mandates and investment funds.
Pictet Asset Management is part of the Pictet group, founded in Geneva in 1805 and currently managed by seven partners, both owners and managers. The principles of succession within the college of partners and of transmission of capital have not changed since it was founded in 1805. Over the past 215 years, only 43 partners have supervised the activities of the Group, exercising their mandate on average for more than 20 years.
Laurent Ramsey, Partner of the Pictet Group and Co-CEO of Pictet Asset Management, explains that “the United States is the world’s leading savings market, a sophisticated, competitive and open market. The establishment of Pictet Asset Management in New York will serve as a springboard for the group to better respond to its clients, establish its reputation in the region and take advantage of a presence in the United States, one of the best reservoirs of talent in the world. . ”
Pictet Asset Management continues to recruit locally to increase its New York team to 12 employees.
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