Assets under management or custody stood at CHF 559 billion at 30 June 2020, compared with CHF 576 billion at 31 December 2019.
“Strong net new money in the low double-digit billion range and excellent investment performance against benchmarks drove growth in operating income, despite a challenging market environment.
Pictet remains geared for expansion and continues to invest in new staff and technology. We plan to open offices in Shanghai and New York by the fourth quarter of this year.”
The core capital ratio (Tier 1) remained at 20.2% (based on CHF 2.89 billion of Common Equity Tier1 (CET1), the most solid form of capital) at 30 June 2020. This ratio compares with the minimum 7.8% core capital ratio (Tier 1) set by Pictet’s Swiss regulator FINMA.
Financial report and contact
Head of Media Communications
+41 58 323 78 38