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Pictet Reports CHF 1.17 Billion Profit in 1st Half 2017
Pictet reported CHF 1.17 billion profit in 1st half 2017, increasing from CHF 1.03 billion in 1st half 2016.
” AUM increase from CHF 462 billion to CHF 479 billion “
The group also reported an increase of Assets under Management (AUM), rising from CHF 462 billion (31st Dec 2016) to CHF 479 billion (30th June 2017).
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“All business categories have seen an encouraging growth in revenues and profits during the first half of 2017, compared to the first half of last year. Our improved results reflect new client acquisitions as well as strong markets. In a climate of low returns on financial assets, pressure on fees and a demanding regulatory environment, we have continued to invest in staff and recruitment as well as digital infrastructure.“
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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