September 2, 2026 – Brown Brothers Harriman (BBH) today announced that it is serving as fund depositary, global custodian, and fund administrator for Pictet Asset Management's launch of Active UCITS ETFs in Europe. The launch marks Pictet Asset Management's entry into the active ETF market and extends the firm's long-standing relationship with BBH.
The launch marks an important milestone in Pictet Asset Management's European UCITS ETF expansion and builds on a long-standing relationship between the two firms.
"With our entry into the European Active UCITS ETF market, we wanted to partner with a proven global ETF fund administrator who knows the European ETF market, that is why we chose BBH," said Antoine Boulet, Senior ETF Strategist at Pictet Asset Management. "Having worked with BBH on the launch of our US ETF offerings, we knew their innovative ETF technology platform and comprehensive service offering would be key factors in supporting our European range."
"We're pleased to support Pictet Asset Management as they bring their active investment capabilities to the European ETF market," said Andrew Craswell, Head of Client Relationship Management for Investor Services in Europe at BBH. "Our integrated custody and fund administration capabilities, combined with our global operating model and deep European ETF expertise, position us well to support Pictet's growth ambitions and evolving product strategy."
About Brown Brothers Harriman (BBH)
Brown Brothers Harriman (BBH) is a global financial services firm known for premium service and specialist expertise. For over 200 years, we have partnered with clients to navigate complexity, innovate with purpose, and succeed in evolving financial markets. Our 6,000 employees serve clients and their investments in over 90 markets from 18 offices worldwide. As a private partnership, we are uniquely built to put clients first and deliver success that lasts.
BBH Investor Services is a leading provider of asset servicing and operating model solutions to global asset managers and financial institutions. Asset servicing solutions include custody, global tax services, depositary and trustee, accounting, administration, and transfer agency. Operating model solutions solve platform, data, and connectivity challenges across open-architecture operating models. We support clients' growth, operational efficiency and resiliency, and streamline reporting and oversight.
About Pictet Asset Management
Pictet Asset Management includes all the operating subsidiaries and divisions of the Pictet group that carry out institutional asset management and fund management. Pictet Asset Management Limited is authorised and regulated by the UK's Financial Conduct Authority.
At 30 June 2026, Pictet Asset Management managed USD 352 / CHF 286 / EUR 310 / GBP 267 billion in assets. Pictet Asset Management has eighteen business development centres worldwide, extending from London, Brussels, Geneva, Frankfurt, Amsterdam, Luxembourg, Madrid, Milan, Paris and Zurich to Hong Kong, Taipei, Osaka, Tokyo, Singapore, Shanghai, Montreal and New York.
About Pictet Group
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since its foundation in 1805. The Group focuses exclusively on wealth management, asset management, alternative investments and related asset services. It does not engage in investment banking, nor does it extend commercial loans.
With CHF 757 (EUR 813/USD 955/GBP 710) billion in assets under management or custody as of 31 December 2025, the Pictet Group is today one of Europe's leading independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, the Pictet Group currently employs some 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.
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