Pictet & Cie facts

Founded in 1805 in Geneva, Pictet & Cie is today one of Switzerland's largest private banks, and one of the premier independent asset management specialists in Europe.

Moreover, it is considered one of the leading independent asset management banks in Europe. Pictet & Cie is a partnership owned and managed by eight general partners with unlimited liability for the bank's commitments.

"Banque de Candolle Mallet & Cie" was founded on 23 July 1805. It was run by two partner-managers, Jacob-Michel François de Candolle and Jacques-Henry Mallet, and three limited partners, Jean-Louis Mallet, Paul Martin and Jean-Louis Falquet.

Following a period of relative stagnation, marked by two world wars and the economic depression of the 1930s, Pictet & Cie began to develop extensively from the 1950s on. Despite the negative outlook in the aftermath of war, the western world experienced a period of prosperity and economic growth. Geneva became one of the world's leading diplomatic and financial centres.

Since the turn of the millennium, the Pictet Group has experienced some significant changes and events, such as its continued strong growth, the Bank's Bicentennial in 2005 and, the following year, the inauguration of its new headquarters in Acacias, Geneva.

The company boasts more than CHF 430 billion ($390 billion) in assets under management and custody as at end-September 2007.

The Group employs over 2,800 people in the following locations: Geneva, Lausanne, Zurich, Barcelona, Florence, Frankfurt, Madrid, Milan, Paris, London, Luxembourg, Rome, Turin, Montreal, Nassau, Dubai, Singapore, Hong Kong and Tokyo. E-mail to a friend