Pictet Asset Management's New York City Debut

Tom Burroughes

6 October 2020

Switzerland’s Pictet Asset Management is opening its first US office in New York City.

The office, located at 712 5th Avenue, will be led by Elizabeth Dillon. She will be joined by Mike Acker, head of key accounts, Nick Mavro, head of US institutional business and Jorge Corro, head of US offshore business. The firm plans to expand the New York team to 12 and is actively recruiting.

Dillon is returning home to New York after spending 19 years working for PAM in Geneva and London, most recently as head of global financial institutions; she will be appointed as CEO of Pictet Asset Management Corp, it said in a statement yesterday.

The organization oversees more than $209 billion of client money, as of the end of June this year. It is part of Pictet, founded in Geneva in 1805. Pictet is owned and managed by seven managing partners who are responsible for the entire business of the group.

“Pictet Asset Management’s presence in New York will improve its client service capabilities, increase its visibility in the region and offer Pictet the possibility to benefit from being present in the US - one of the largest and best talent pools in the world,” Laurent Ramsey, managing partner of the Pictet Group and co-CEO of Pictet Asset Management said.