Pictet Group
The Pictet Group, known as Pictet, is a Swiss multinational private bank and financial services company founded in Switzerland. Headquartered in Geneva, it is one of the largest Swiss banks and primarily offers services in wealth management, asset management, and asset servicing, to private clients and institutions.
| Industry | Private banking and financial services |
|---|---|
| Founded | 23 July 1805 |
| Founders | Jacob-Michel-François de Candolle and Jacques-Henry Mallet |
| Headquarters | Geneva, Switzerland |
Number of locations | 30 |
Area served | Worldwide |
| Services | Asset management, wealth management, investment funds, asset services and trading |
| AUM | CHF 638 billion |
| Total assets | (2023) |
Number of employees | 5,300 |
| Capital ratio | 29.3 percent |
| Rating | Moody's: P-1/Aa2; Fitch: F1+/AA- |
| Website | pictet.com |
The Pictet Group employs around 5,300 people, including 900 investment managers. It has a network of 30 offices in financial services centres, including registered banks in Geneva, Luxembourg, Nassau, Hong Kong and Singapore.
Pictet does not engage in investment banking, nor does it extend commercial loans. According to its 2021 Annual Review, Pictet had CHF 638 billion ($767 billion) of assets under management or custody, with its total capital ratio significantly exceeding the levels demanded by Swiss regulators. Banque Pictet & Cie SA is rated Prime-1/Aa2 by Moody's, and F1+/AA- by Fitch.