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Pictet is a private bank and asset manager based in Geneva, Switzerland, since 1805. It belongs to the Henokiens, an association of family businesses and bicentenary companies. Pictet ranks among Switzerland’s leading private banks and is one of the premier independent asset managers in Europe. It provides services in wealth management, asset management and asset servicing to private clients and institutions around the world. Founded in Geneva in 1805, Pictet has operated as a partnership throughout its history. Over the past 210 years, there have been only 40 partners, each with an average tenure of more than 21 years. Today, it is organised as a corporate partnership of seven owner managers who are responsible for the entire business of the Group. Significant growth has been achieved since 1805 without making acquisitions or floating on a stock exchange. The Pictet Group employs more than 3,700 people, including 900 investment managers.〔 It has a global network of 26 offices in financial services centres, including registered banks in Geneva, Luxemburg, Nassau, Hong Kong and Singapore. According to the latest Group Annual Report, the Group had 435 CHF Bn of assets under management. And according to the Scorpio Partnership Global Private Benchmark 2014, it had, in that year, an increase of 12% on 2013. Pictet does not engage in investment banking, nor does it extend commercial loans. The Group’s capital significantly exceeds the already stringent levels demanded by Swiss regulation: its total capital ratio is 21.3%, all of which is core Tier 1 capital.〔 Banque Pictet & Cie SA is rated Prime 1/Aa2 by Moody’s, and F1+/AA- by Fitch. == History == Pictet traces its origin to the foundation of ''Banque De Candolle Mallet & Cie'' in Geneva on 23 July 1805. On that day, Jacob-Michel-François de Candolle and Jacques-Henry Mallet signed, with three limited partners,〔Jean-Louis Mallet, brother of Jacques-Henry, Paul Martin and Jean-Louis Falquet〕 a ''Scripte de Société'' (memorandum of association) to form a partnership.〔"Pictet & Cie", 1805-1955, ''Atar'', Geneva, 1955.〕 Like all Geneva banks at the time, it started out trading in goods, but soon abandoned trading to concentrate on assisting clients in their financial and commercial business and advising them on managing their wealth. By the 1830s, it held a broad range of securities on behalf of clients, to diversify their risks. On the death of de Candolle in 1841, his wife’s nephew Edouard Pictet joined the partnership, and the name Pictet has remained with the bank ever since. Between 1890 and 1929, the Bank went through a period of substantial growth, the number of employees rising from 12 to more than 80 over 30 years.〔Pictet Group Historical Archives, ref. AHP 1.1.7.1〕 Although the Pictet family had been intimately engaged with the bank since the mid 19th century, it was only in 1926 that the company changed its name to ''Pictet & Cie''. After a period of relative stagnation marked by the Great Depression of the 1930s and the Second World War, Pictet began to expand in the 1950s as the Western world entered a prolonged period of prosperity and economic growth. In the late 1960s, the Bank embarked on the new business of institutional asset management, which has since grown to account for around half its total assets under management.〔"200 years of History : one bank and the men who built it", ''Atar'', Geneva, 2005.〕 In 1974, it opened an office in Montreal, the first of its current network of 26 offices around the world. Its workforce of 70 staff in 1950 rose to 300 by 1980.〔"Pictet & Cie, Genève : 1805-1980", Geneva, ''Atar'', 1980.〕 Pictet has focused on wealth management from the start and it continues to do so today, providing three main groups of services to individuals, families and institutions around the world: wealth management, asset management and asset services. It has now become Switzerland’s third largest asset manager, and also one of Europe’s largest bank in private hands In 2014, Pictet changed its legal structure from a simple partnership to become a corporate partnership (''société en commandite par actions'') which acts as a holding company for the Group’s activities around the world. This was designed to enable the Group to manage its businesses in an international environment, and also allows the seven partners who are owner managers of the Group to preserve the rules of succession which have remained unchanged for more than 200 years. Under those rules, ownership cannot be passed down to partners’ children: it is a temporary status which ends once a partner has retired. Partners hand over ownership of the Group in batches every five to ten years so that there are always partners from three generations connected to the family, to avoid problems that can arise with generational change.〔 Pictet operates by assigning business activities and key functions like human resources, risk control and legal affairs to different partners. Small committees supervise the various corporate activities so that no single partner is solely responsible for an entire area. The Group’s Senior Partner, who is the eldest partner at the time of appointment, has no direct operational responsibilities but has oversight for all areas concerning auditing, risk and compliance.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「The Pictet Group」の詳細全文を読む スポンサード リンク
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