Inside Pictet, the Secretive Swiss Bank for the World’s Richest People
Inside the secretive Swiss bank for the world’s richest people... Inside Pictet, the Secretive Swiss Bank for the World’s Richest People
A 215-year-old firm rooted firmly in the past finds tension adapting to the modern world.
In the mythology of private banking, Banque Pictet & Cie SA stands apart. Over the course of more than two centuries, the Swiss institution has discreetly tended to the assets of the very rich, led by a small crop of partners who form the most exclusive men-only club anywhere outside the Vatican.
In its entire history, only 43 individuals — all men, all white — have risen to the rank of Pictet managing partner, creating a bond more enduring than your typical marriage. From their Geneva perch, they oversee more than 600 billion francs ($662 billion) in assets under management and a level of profitability far beyond larger, publicly-listed peers, often rewarding each of them with more than 20 million francs a year.
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https://www.bloomberg.com/news/featu...y-and-new-risk
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