Pictet Group - Competitor Profile

The 'Pictet Group - Competitor Profile' provides a comprehensive analysis of Pictet's private banking and wealth management operations. It offers insights into the company's strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities.

Headquartered in Geneva, Switzerland, Pictet Group is a corporate partnership offering wealth management and investment services in Europe, Asia, the Americas, and the Middle East. The group has 30 offices in 19 countries around the world.

Scope

• Pictet offers a wide range of wealth and investment services to HNW and UHNW individuals and families. It has four divisions: Asset Management, Wealth Management, Alternative Advisors, and Asset Services.
• The bank's revenues declined marginally by 1.8% in 2022 due to adverse market conditions, while its pre-tax profit increased by 0.6%.
• Pictet has a strong presence in Europe, particularly in its domestic market, Switzerland. In May 2023, the bank relocated its European headquarters from Luxembourg to Frankfurt, Germany.
• The bank's offerings in responsible investment and environmental, social, and governance (ESG) have been a longstanding initiative. The Pictet ESG Scorecard and ESG Funds Due Diligence Questionnaire form the foundation of its existing ESG integration. In September 2022, Pictet Asset Services launched a new ESG risk report that allows external asset managers and institutional clients to monitor their portfolios' ESG risks.
• Pictet has been investing in, managing, and advising on alternative investment portfolios since 1989. It currently manages more than $50 billion of client assets in alternative investments and continues to grow and launch new offerings in this space.

Reasons to Buy

• Examine the financial performance, key ratios, and AUM growth of Pictet and benchmark this competitor against other global wealth managers.
• Understand Pictet's current strategic objectives and their impact on its financial performance.
• Discover Pictet's key products and client targeting strategies and examine whether these have been successful.
• Learn more about Pictet's marketing strategy, social media presence, and digital innovations.