Pictet Private Bank Posted Drop in First Half Profits, Revenue and Assets
Pictet Private Bank showed a 1.3% drop in operating income to 1.03 billion Swiss francs, a 14.3% dip in pre tax profits to 244 million francs and a bottom line profit of 191 million francs down 16% year on year. Assets under management also fell. It was at 436 billion francs, down 1 billion on year end.
News Source: Pictet Press Release
About Pictet Private Bank
Pictet is a private bank specialised in asset and wealth management. Established in Geneva since 1805, it ranks among Switzerland’s leading private banks and is one of the premier independent asset managers in Europe. As an investment-led service company, Pictet offers only wealth management, asset management and related asset services. Operating in 26 locations worldwide with investments for clients spread over more than 80 countries, Pictet was ranked best custodian overall in the world according to the latest 2014 surveys by Global Investor and R&M.
- Origin : Geneva, Switzerland
- Assets : CHF 41.28 billion
- Revenue : CHF 2.12 billion
- Employees : 3,800
Official Website: www.group.pictet
News & Media: Press Release
Updated on 8th August 2016