Banque Pictet & Cie SA

The Pictet Group
Banque Pictet & Cie SA
Route des Acacias, 60
1211 Geneva 73 - Switzerland

Phone : + 41 58 323 2323
Internet :      

Pictet Wealth Management
Honora Ducatillon
Head of Family Advisory
Phone: +41 58 323 4813
Email :

The Pictet Family Archives Foundation
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Worldwide offices

› Switzerland : Basel, Geneva, Lausanne, Zurich.
› Europe : Amsterdam, Barcelona, Brussels, Francfurt, London, Luxembourg, Madrid, Milan, Monaco, Munich, Paris, Rome, Stuttgart, Turin, Verona.
› Asia : Hong Kong, Osaka, Singapore, Shanghai, Taipei, Tokyo.
› Middle-East : Dubai, Tel-Aviv.
 › Americas : Montreal, Nassau, New York.

Banque Pictet & Cie SA today :

The Pictet Group

The Pictet Group comprises four business units — asset management, wealth management , alternative investments and asset services — and is constituted as a société en commandite par actions (a corporate partnership), which is the managing entity of the Group.

Headquartered in Geneva, Switzerland, and founded there, Pictet today employs around 5300 people. It has 30 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.

Renaud de Planta, Senior Partner.

The Group is owned and managed by eight managing partners, with an independent supervisory board. Since 1 September 2019 Renaud de Planta, a partner since 1998, is the Senior Partner.

A further 50 senior executives, known as equity partners, hold equity in the Group. They each lead a strategically important function and play a central role in the develop-ment of Pictet. Elections are made every second year.

In selecting new employees and promoting career advancement, Pictet aims for diversity of gender, background and education, which together contribute to diversity in thought, opinion and experience. But diversity also goes hand in hand with inclusion — that is, making each employee feel valued and giving each a voice in daily business.

Wealth management

Pictet Wealth Management provides a comprehensive ser-vice for both wealthy individuals and families that goes beyond managing assets to consider wealth management in its widest sense.

Asset management

Pictet Asset Management provides specialist investment management services through segregated accounts and mutual funds to professional investors and their clients globally. Our clients include some of the world’s largest pension funds, financial institutions and sovereign wealth funds.

Asset services

Pictet Asset Services manages every aspect of the asset servicing process, leaving clients free to concentrate on their own priorities. Our clients include asset managers, as well as independent asset managers for private clients, and institutional clients (mainly pension funds, institutions and banks).

Alternative Investments

Pictet Alternative Advisors invest in customised asset classes tailored to our clients. We cover a range of hedge fund strategies, as well as manager selection and portfolio management in hedge funds, private equity and private real estate.

Thinking and acting sustainably

Sustainability is central to Pictet’s thinking. Since our goal is to ensure the prosperity of our clients over the long term, we instinctively consider the interests of future generations. With the challenges the world is now facing, we need to move swiftly to a more resilient and sustainable economy.

We are deeply conscious of the environmental consequences of what we do, from managing the business to investing on behalf of our clients.We have three ambitions before 2025: (1) To significantly reduce the environmental impact of our activities and investments, (2) to fully integrate ESG factors and active ownership into all investment processes and (3) to be a leading provider of responsible products and solutions. To achieve these ambitions, we have identified 10 levers of action for conducting our own activities and for managing assets on behalf of our clients. For instance, the Pictet Group announced in February 2020 that it has decided to eliminate balance sheet exposure (both gross and net) to fossil fuel producers and extractors (oil and gas, and thermal coal) . These investments, have been reduced to nil by the end of 2020. We also achieved our target of cutting the Group’s CO2 footprint by 40 per cent per employee between 2007 and 2020.

On the investment side, Pictet was an early mover in sustainable investment strategies with the launch of its Water fund, the first and today the largest in its sector, in 2000.

For Pictet, measuring and sharing the impact of investing is key for bringing the transparency that differentiates true integration from simple box-ticking. To this end, we are concretely integrating Environmental, Social and Governance (ESG) aspects in our investment processes, risk management and reporting practices, and also upstream in our economic research and financial analysis.Since 2011, the Pictet Group has enforced a strict exclusion policy on companies involved in controversial weapons for all its actively managed strategies. Such weapons may cause indiscriminate or disproportionate harm and their use is banned or restricted under international conventions.

Our Group Stewardship & Sustainability Board measures the environmental impact of our activities and encourages sustainable investment solutions in asset and wealth management. At PAM we are integrating environmental, social and governance (ESG) criteria into all investment decisions. At PWM a parallel programme is bringing sustainability criteria into the client offering.

Ten years ago we launched the Prix Pictet. Throughout standing photography, the award aims to raise public aware-ness of and promote action in environmental sustainability.

But nothing is possible without our employees. Their well-being is central to a sense of responsibility towards clients, each other, our investments and the wider world in which we work and live.In 1921 we were one of the first banks in the world to introduce a profit-sharing scheme as an incentive to employees. All employees are eligible and around 60% are currently beneficiaries of the scheme. By giving the majority of our employees a direct stake in Pictet’s growth and success, we have aligned employee interests with those of the Group and its owners.

Pictet and philanthropy

The philanthropic action of Pictet is rooted in the spirit of the Reformation. Those who enjoyed the fruits of enterprise were expected to return something to the community through the support of public institutions and contributions to the common good.

An early example was Charles Pictet de Rochemont, who re-entered politics after retirement, ensuring that Geneva joined the Swiss Confederation in 1815. Later, Jean Pictet was instrumental in drafting the 1949 Geneva Conventions on the protection of war victims and active in the Inter-national Committee of the Red Cross. Meanwhile, former partner Jean-Jacques Gautier founded the Swiss Committee against Torture in 1977.

Many former partners have been and are active in philanthropy, while the Group financed the International Museum of the Reformation among other charitable projects to mark Pictet’s bicentenary in 2005.

The Pictet Group Foundation is a grant making foundation established by the Partners of Pictet to pursue our long-term tradition of social engagement and further deepen our environmental commitments. The Pictet Group Foundation  supports projects and impact driven solutions that build resilient communities and ecosystems in the field of Water and Nutrition, with a view to further expand into other areas in line with the Group’s responsible vision.

Short history of Pictet

Since the early 19th century, Pictet has been a mainstay of Geneva’s financial sector and its history is closely linked to that of the city. Because of its exceptional financial solidity, the Bank has consistently received excellent ratings from the most reputable credit rating agencies in the industry.

1805 : Beginnings 

Bank de Candolle Mallet & Cie was founded on 23 July 1805. At that time, it had two managing partners, Jacob-Michel-François de Candolle and Jacques-Henry Mallet, as well as three limited partners, Jean-Louis Mallet, the latter’s brother, Paul Martin and Jean-Louis Falquet who was a member of government after the Restoration. The fledgling bank was located at the Cour St-Pierre in Geneva until 1819.

According to its memorandum of association, the new bank’s purpose was “to trade in goods and articles of all types, collect annuities and undertake speculation in commodities”. This status reflected the general nature of business conducted at the time by Genevan banks, which had all started out as traders in goods. Very early on, however, the Bank abandoned trading to concentrate on assisting clients in their financial and commercial business and advising them in the art of managing their wealth. The services provided already included investment advice and foreign exchange trading.


Account books and documents show that in the 1830s, the Bank already held a broad enough range of securities on its clients’ behalf to ensure that risks were properly spread: sovereign bonds issued by foreign states, lottery tickets (in fashion at the time) and shares in local and foreign companies, and tontine annuities from Ireland, Orleans and Turin.


In the 1850s, industrial development in Switzerland, Europe and the United States boosted investment opportunities. Portfolios began to include bonds from the North American railways, as well as shares in real estate, mining and insurance companies.

From 1890 to early 20th century

Between 1890 and the First World War, the Bank experienced a period of substantial growth. In the space of thirty years, the number of employees grew from 12 to more than 80.

As investments became more and more global, two fund companies specialising in US and Mexican securities were founded, in 1900 and 1910 respectively. Thanks to its business contacts in New York and in the United Kingdom and its solid reputation in Berne, the Bank was responsible for negotiating three federal loans in the United States on behalf of the Swiss Confederation between 1915 and 1920. These loans amounted to USD 70 million, quite a considerable sum in those days.

1930 : Post-war years

Following a period of relative stagnation marked by the Depression of the 1930s and two World Wars, the Bank's staff was reduced by half. In the post-war period, however, Pictet experienced a prolonged period of economic growth. Despite the negative outlook in the immediate aftermath of World War II, the Western world experienced a period of prosperity and economic growth. Geneva became one of the world’s major diplomatic and financial centres.

In the late 1960s, Pictet embarked on the new business of institutional asset management, gaining its first pension fund account in 1967.

The Bank continued to expand rapidly. In 1980, Pictet employed more than 300 staff, compared with just 70 in 1945. While developing its headquarters in Geneva, Pictet also pursued its expansion abroad by opening offices in Montreal in 1974 and acquiring a seat on the Boston Stock Exchange the same year.

Since 1980 : A period of extraordinary growth

Over the last 30 years since 1980, the Pictet Group has continued to grow rapidly. As Pictet has expanded over the years, the proportion of institutional clients among the client base has increased steadily. Indeed, since the end of the 1960s, a growing number of institutions throughout the world – mainly pension funds – have chosen Pictet to manage their assets. Today, the assets of these institutional clients account for half the total assets under custody at the Bank.

Proud of having stood the test of time, Pictet celebrated its bicentennial in 2005 after weathering the storm of political upheavals and financial crises for over two hundred years. One year later, another milestone was reached with the inauguration of the Group's headquarters at 60, Route des Acacias in Geneva. The new building combines ecological economy with state-of-the-art technology and shows both a traditional and a contemporary face to the world.

Pictet is committed to managing its operations in accordance with the principles of sustainability and, above all, to offering its clients a wide choice of quality products in the area of sustainable investment. In 2008, the Bank launched the Prix Pictet, the world’s first and premier prize dedicated to the theme of sustainable development.


In 2014, Pictet's legal structure changed from a simple partnership to a corporate partnership ("société en commandite par actions"). This adjustment became necessary because of the Group's growth and development, and enables Pictet to manage its business more efficiently in an international environment. The seven Partners can thus continue to run the company by carrying on a tradition of ownership that has remained unchanged for more than 200 years. Pictet today employs more than 4900 people worldwide. The Group is pursuing its international expansion and currently has 30 offices in some of the most important financial centres around the world, with Monaco, New York and Shanghai being the most recent office openings in 2020.

Jacob-Michel-François de Candolle 

Since 2008 : The Prix Pictet

IIn 2008 the partners of the Pictet Group created the Prix Pictet award to draw worldwide attention to, and stimulate action on, issues of environmental sustainability through photography. The award is considered one of the most prestigious prizes in global photography.

In eight themes since foundation, the Prix Pictet has tackled Water, Earth, Growth, Power, Consumption, Disorder, Space and Hope. The prize is currently awarded on a two-year cycle. The final award for the next theme, Fire, takes place in December 2021 at the Victoria and Albert Museum, London.

In a statement on behalf of the Prix Pictet Jury, Sir David King, Chairman of the Jury, said: “We were inspired by the words of our founding President, the late Kofi Annan, who in his final Prix Pictet address spoke of mankind’s potential to find hope in adversity, and of his profound hope that it was not too late to reverse the catastrophic damage that we have visited on the natural world and its most vulnerable inhabitants. Let’s be under no illusion that in these past two years the crisis we are facing has deepened. Yet hope remains, albeit fragile and elusive. ’

Submission is by nomination. Over 325 nominators— independent experts in photography from 60 countries and six continents —may recommend recent portfolios from several photographers each.

The prize jury comprises curators, critics and practitioners with an expertise in the visual arts or sustainable practice. They are required to select a shortlist of twelve, whose work is powerful visually and in the message conveyed on the given theme.

The portfolios submitted must have narrative drive, and are likely to be deeply researched and several years in the making. Since the Prix Pictet accepts work ranging from documentary or photojournalism to fine art and conceptual photography—and the shortlist is widely exhibited—the selection is in effect an act of curation.