Founded in 1805 in Geneva, Pictet & Cie is one of the worldâs largest private banks, and one of the premier independent asset management specialists in Europe, with over CHF 365 billion (USD $325 billion) in assets under management and custody.
Pictet & Cie has been an Advent client since 2000, using AxysÂ® - Adventâs turnkey portfolio management solution â for matters encompassing both the family office and independent asset managers. The companyâs continued growth increased its need for a more robust platform, so Pictet & Cie decided to migrate to APX. Launched in 2005, APX has been the natural progression for many AxysÂ® clients, providing an integrated portfolio management and client relationship management platform, with enhanced compliance, security and audit trail capabilities, as well as consolidated and flexible reporting.
âAPX provides an excellent platform to our clients, offering them an integrated, robust and flexible portfolio and client management solution that allows for greater transparency,â said Andreas Sutter, Family Office Chief Operating Officer, Pictet & Cie. âWe are confident that this will not only significantly enhance our operational infrastructure for our family office clients, but most importantly enable us to provide a superior service to our clients across our business.â
Pictet also uses AdventÂ® Custodial Data (ACD), Adventâs leading solution for managing and reconciling portfolio information. âWe are constantly looking for new ways to improve our client service and satisfaction levels, and ACD significantly enhances our client offering,â says Carmelo Faro, Head of IT External Services at Pictet. He adds further, âthis solution allows us not only to provide high quality information to our clients, but also to integrate the data from all custodians, which we believe is unique in our market.â
âWe are proud that Pictet has opted to expand its relationship with Advent,â said HÃ¥kan Valberg, Senior Vice President and General Manager, Advent Software EMEA. âHaving one of the worldâs largest private banks relying on Advent solutions to meet its current and future infrastructure requirements reflects Adventâs reputation in this important segment of the market. We are very pleased that APX continues to be the solution of choice for wealth management in the EMEA region.â