There is no necessary contradiction between long-established norms and contemporary thinking. The art lies in blending the two.
1805 Founded in
212 years of growth
4.8% employee turnover rate
Evolution, not revolution
Our story is one of resourcefulness and renewal, drawing on the perspective of our history.
The virtue of Pictet’s partnership is the overlapping tenure of the partners and their collective management principles. It means the business does not suffer radical changes in direction: fresh ideas, yes, but evolution not revolution.
A short history of the Group
Sustainability is central to Pictet’s way of thinking. In aiming to ensure the prosperity of our clients over the long term, we are instinctively predisposed towards the interests of future generations.
The bank was established in 1805 by Jacob-Michel-François de Candolle and Jacques-Henry Mallet when Geneva was under the sway of Napoleon and the financial aftershocks of the French Revolution were still being felt. As wartime inflation subsided, a new generation of financial partnerships emerged, eventually to be known as private bankers.
Over the next one hundred and fifty years, the bank established itself. In 1967 Pictet entered the business of institutional asset management and gained its first pension fund account. In subsequent years, asset management has grown to match the size of the wealth management business. On 1 January 2014 Pictet became a corporate partnership.
Always ready to adapt to changing circumstances, the thrust of our strategy is towards continuity, stability and sustainability to the enduring advantage of our clients.
One of the world’s oldest family businesses
The Advantage of Time
Over the past 212 years there have been only 41 partners, each with an average tenure of over 21 years. Because of the terms of the partners overlap, the knowledge, experience and values of each generation are absorbed and passed on without interruption.