Pictet Private Bank, part of the Pictet Group, is a Swiss multinational financial services company headquartered in Geneva.
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This page will explore what is Pictet Private Bank, what it does, and whether its private banking and offshore financial services work for your financial needs.
What is Pictet Private Bank?
The Pictet Group is a Swiss financial institution operating through four primary business units: Asset Management, Alternative Advisors, Wealth Management, and Asset Services.
It is structured as a corporate partnership, with its key entities being Banque Pictet & Cie SA in Switzerland, Bank Pictet & Cie (Europe) AG, and Bank Pictet & Cie (Asia) Ltd.
The Group’s asset management and alternative investments are managed through Pictet Asset Management Holding SA and Pictet Alternative Advisors Holding SA.
Who owns Pictet Group?
Headquartered in Geneva, Pictet operates in 29 offices across 19 countries.
The Group is led by eight Managing Partners, who own and manage the business. An independent supervisory board provides oversight.
As of April 2024, the Group also includes 48 senior executives, known as Equity Partners, who play a key role in Pictet’s strategic development.
The partnership model ensures continuity, with leadership transitioning gradually to maintain stability and long-term focus.
The firm’s governance model has remained largely unchanged since its founding in 1805.
Over its 219-year history, Pictet has had only 47 partners, each with an average tenure of more than 21 years.
The overlapping terms of partners allow for knowledge and values to be passed down without disruption.
Is Pictet a good bank?
For the financial year ending 31 December 2023, Pictet reported operating income of CHF 3.16 billion and a consolidated profit of CHF 577 million.
The Group’s assets under management or custody totaled CHF 633 billion, with a Common Equity Tier 1 (CET1) ratio of 28.7% and a total capital ratio of 29.0%.
Pictet maintains a strong liquidity coverage ratio of 198%, reflecting its financial stability and conservative approach to risk management.
Moody’s reaffirmed Pictet’s Aa2 rating in a press release on 30 September 2024, noting the bank’s strong capitalization, high liquidity, and ability to adapt to changing market conditions.
On 12 July 2024, Fitch reaffirmed Pictet’s ratings, citing the Group’s strong financial position, conservative risk management, and profitability.
Where is Pictet Private Bank located?
The Pictet Group has presence in 19 countries, with key offices below.
Switzerland
Geneva (Head Office)
- Address: Route des Acacias 60, 1211 Geneva 73, Switzerland
- Tel: +41 58 323 23 23
- Fax: +41 58 323 23 24
Zurich Branch
- Address: Bahnhofstrasse 32, 8001 Zurich, Switzerland
- Tel: +41 58 323 77 77
- Fax: +41 58 323 77 78
United Arab Emirates
- Address: Sheikh Zayed Road, Park Place, 12th Floor, PO Box 125567, Dubai, UAE
- Tel: +971 4 308 5757
- Fax: +971 4 308 5700
United States
- Address: 712 5th Avenue, 25th Floor, New York, NY 10019, United States
- Tel: +1 212 237 3190
Hong Kong
- Address: 8-9/F Chater House, 8 Connaught Road Central, Hong Kong
- Tel: +852 3191 1805
- Fax: +852 3191 1808
Japan
- Address: Marunouchi Park Building 21F, 2-6-1 Marunouchi, Chiyoda-ku, Tokyo 100-6921, Japan
- Tel: +813 3212 3411
- Fax: +813 3211 6339
China
- Address: Unit 839, Level 8, Bank of East Asia, 66 Huayuan Shiqiao Road, Pudong, Shanghai 200120, China
- Tel: +86 21 6062 7178
Singapore
- Address: 10 Marina Boulevard #22-01, Marina Bay Financial Centre Tower 2, Singapore 018983
- Tel: +65 6536 1805
- Fax: +65 6536 1868
Taiwan
- Address: 12F-1, Shin Kong Xinyi Financial Centre, 32 Song ren Road, Taipei 11073, Taiwan
- Tel: +886 2 6622 6600
- Fax: +886 2 6622 6611
France
- Address: 34, avenue de Messine (VIIIe), 75008 Paris, France
- Tel: +33 156 88 71 00
Germany
- Address: Neue Mainzer Strasse 2-4, 60311 Frankfurt am Main, Germany
- Tel: +49 69 23 80573 – 0
- Fax: +49 69 23 80573 – 1499
Luxembourg
- Address: 15A, avenue J. F. Kennedy, L-1855 Luxembourg, Luxembourg
- Tel: +352 467 171-1
- Fax: +352 224 868
The Netherlands
- Address: Herengracht 456, 1017 CA Amsterdam, The Netherlands
- Tel: +31 202453060
United Kingdom
- Address: Stratton House, 5 Stratton Street, London W1J 8LA, United Kingdom
- Tel: +44 207 847 5000
- Fax: +44 207 847 5301
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