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| Additional information |
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| Pictet & Cie |
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Overview:
From its outset, Pictet & Cie has focused solely on managing the wealth of private and institutional investors. It does not engage in any form of investment banking and it does not issue any commercial, mortgage or unsecured loans.
Pictet & Cie is a partnership owned by seven managing Partners who stand personally and entirely liable for the Bank's commitments. As such, the Bank enjoys total financial independence, controls the entire chain of its operations and does not need the approval of shareholders in taking decisions. It abides by the strictest standards in managing the risks inherent to its business, always acting in the best interest of clients.
Pictet & Cie is monitored by the Swiss Federal Banking Commission and offers its clients the utmost financial security by having capital adequacy ratios far superior to the legal requirements in Switzerland, already some of the most stringent in the world. The Bank has ample liquidity and does not rely on any external sources of financing for the smooth running of its business.
Lastly, true to the tradition of private bankers, Pictet & Cie hardly conducts any transactions for its own account and acts only in a fiduciary capacity on behalf of its clients.
A bank specialised in asset management
The Pictet Group is an asset management specialist focusing mainly on the following areas of expertise:
* Private Banking
* Institutional Asset Management
* Fund Administration and Management
* Global Custody & Investor Services
* Family Office
* Services for Independent Asset Managers
The Group employs over 2,900 people in the following locations: Geneva, Lausanne, Zurich, Barcelona, Florence, Frankfurt, Madrid, Milan, Paris, London, Luxembourg, Rome, Turin, Montreal, Nassau, Dubai, Singapore, Hong Kong and Tokyo. |
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History:
Founded in 1805 as De Candolle Mallet & Cie. Current name adopted in 1925. Modern growth began after the Second World War. Launched institutional asset management (first pension fund account in 1967) and international expansion (Montreal in 1974, Nassau in 1978). Staff grew from 70 in 1945 to 300 in 1980 and 1,800 in 2000. Now has four lines of business; private banking, institutional asset management, mutual fund management and global custody. |
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Swift/BIC:
PICTCHGG
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| Postal account:
12-109-4 |
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| Clearing Bank No:
8755 |
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| Telex:
422209 pic ch |
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