Pictet Group

Private bank · Geneva, Switzerland

Pictet is a Geneva partnership founded in 1805 that does wealth management, asset management, alternative investments and asset servicing. It runs no investment bank and extends no commercial loans, so it sells no business current accounts, no cards and no trade finance. At 30 June 2026 it held CHF 810 billion of assets under management or custody, on a balance sheet of CHF 46.6 billion, with 5,612 staff in 31 offices. Banque Pictet & Cie SA is rated AA- by Fitch and Aa2 by Moody's, and the Group total capital ratio was 21.9% against a 12% FINMA requirement. Pictet paid USD 123 million to the US Department of Justice in December 2023 over hidden American client accounts, and the Swiss Attorney General fined it CHF 2 million in June 2025 in the Petrobras money laundering case.

Legal name: Banque Pictet & Cie SA
Regulated by: FINMA (Switzerland), for Banque Pictet & Cie SA, FCA (United Kingdom), for Bank Pictet & Cie (Europe) AG London Branch and Pictet Asset Management Ltd, Central Bank of the UAE, for the Banque Pictet & Cie SA representative office in Dubai, FINRA and SIPC (United States), for the broker-dealer Pictet Overseas Inc.
Licence confirmed: yes, on a regulator's own list
Established: 1805
Website: www.pictet.com

Scores, 0 to 10

9.0Financial strength & stability

Total capital ratio of 21.9% against a 12% FINMA requirement, equity of CHF 3.17 billion and ratings of AA- from Fitch and Aa2 from Moody's, offset by criminal and regulatory settlements in 2023, 2025 and 2026. · source

6.0Customer satisfaction

The Pictet Group profile on Trustpilot is unclaimed and carries zero reviews, so no public satisfaction or complaint score exists for the bank. · source

5.5Europe (EU, EEA, Switzerland)

Bank Pictet & Cie (Europe) AG is an EU bank in Frankfurt with a Luxembourg branch, and Pictet has offices in 12 more European cities including Paris, Madrid, Milan and Amsterdam, but it sells only wealth and asset management, not company accounts. · source

4.5Asia-Pacific (SG, HK, AU, JP, KR)

Banque Pictet & Cie SA runs bank branches in both Hong Kong and Singapore plus offices in Tokyo, Osaka, Shanghai and Taipei, but the services listed are wealth management, asset management and asset servicing only. · source

4.5Foreign-owned & non-resident companies

Pictet books clients through banking entities in Switzerland, Germany, Hong Kong, Singapore and the Bahamas, but the only public route is a contact form and no online application exists. · source

4.0Cross-border payments, FX and multi-currency accounts

Pictet trades foreign exchange and precious metals for clients from desks in Geneva, Luxembourg, Montreal and Singapore as a pure agency broker, but publishes no FX margins and offers no cross-border payment product. Pictet Asset Services offers custody, settlement, valuations and the Pictet Connect reporting platform on CHF 737 billion of custody assets, but it is built for asset owners and has no corporate cash pooling or host-to-host payments. · source

3.0United Kingdom

The UK presence is Bank Pictet & Cie (Europe) AG London Branch plus Pictet Asset Management Ltd, both FCA authorised, offering wealth management and asset servicing rather than business current accounts. · source

3.0Canada

Montreal hosts Pictet Canada L.P., Pictet Overseas Inc. (Member FINRA and SIPC) and Pictet Asset Management Inc., providing asset management and asset servicing but no Canadian deposit-taking bank. · source

3.0Best interest on business balances

Pictet held CHF 33.5 billion of customer deposits at 30 June 2026 and places client cash as fiduciary deposits with third-party counterparties, with no published rate or treasury sweep for company balances. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

Pictet publishes no policy on gambling, adult, cannabis or forex businesses, so the score is conservative. · source

2.5Middle East & Gulf

Pictet's sole GCC presence is a Banque Pictet & Cie SA representative office in Dubai regulated by the Central Bank of the UAE, offering wealth management and alternative investments. · source

2.0Lowest fees

There is no priced business account to compare: the Group sells wealth management, asset management, alternative investments and asset services mandates, and does not extend commercial loans. · source

2.0Fast digital onboarding

The only public way to become a client is a contact form that asks for a preferred office among Basel, Geneva, Lausanne and Zurich, with no online account application. · source

2.0Business cards (Visa, Mastercard)

The wealth management page describes wealth preservation, investment strategy and financial planning and mentions no payment card. · source

1.5United States

The only Pictet entity in New York is Pictet Asset Management (USA) Corp doing asset management, and the group's US broker-dealer Pictet Overseas Inc. is run from Montreal and holds no client funds or securities. · source

1.5Crypto-friendly bank

Pictet lists no digital-asset custody or crypto trading service on its wealth management, trading or asset services pages, and its Asia wealth chief executive said in 2022 that there was no place for crypto in private bank portfolios. · source

1.5Fintech companies that need a partner bank

Pictet Asset Services names its clients as fund managers, independent asset managers and institutional investors, and offers no safeguarding accounts, BIN sponsorship or payment-rail access for EMIs. · source

1.5Startups & VC-backed companies

Pictet does not extend commercial loans, so a startup can get neither an operating account nor venture debt, and the wealth offering targets families and entrepreneurs who have already sold a business. · source

1.0Online businesses: e-commerce and SaaS

The Group's four business lines are wealth management, asset management, alternative investments and asset services, so there is no acquiring, no merchant settlement and no collection account. Pictet is a private bank and asset manager whose wealth management page lists no business operating account, card or integration for a software company. · source

1.0Trade, manufacturing & import-export

Pictet issues no letters of credit, guarantees or supply-chain finance because the Group does not engage in investment banking and does not extend commercial loans. · source

1.0Crypto wallet and custody for a business

Pictet's custody offer for institutions and independent asset managers covers securities and lists no crypto custody, and its Asia wealth chief said in August 2022 that crypto had no place in private bank portfolios; no later change was found, checked September 2026. · source

1.0Accept crypto payments

Pictet is a wealth and asset manager with no merchant or acquiring business, so there is no crypto acceptance, checked September 2026. · source

1.0Bitcoin

Pictet lists no bitcoin trading, custody or bitcoin products on its wealth, custody and asset services pages, checked September 2026; its public digital asset work is a July 2025 pilot tokenising corporate bonds on SIX Digital Exchange. · source

1.0Ethereum

Pictet lists no ether trading, custody or staking; its blockchain work so far is the SDX tokenised bond pilot of July 2025, which involves no ether, checked September 2026. · source

1.0Stablecoins (USDC, USDT and others)

Pictet offers no stablecoin holding, payouts or conversion and is not among the 21 banks in the September 2026 USD stablecoin venture, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.