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Pictet Releases 2016 Figures
Pictet Group reported a 2% rise in operating income to CHF 2.177 billion. Assets under management or custody has increased by CHF 25 billion from 1st January 2016 to CHF 462 billion as of 31st December 2016. Net new money reached CHF 12.4 billion.
Pictet Group has also reported a 7% decline in consolidated profit to CHF 422 million.
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.
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