A fortress for your wealth
Owned and managed by a small number of partners, with the same families at its helm for a remarkable eight generations, the Pictet Group has been managing wealth and investments for its clients for over two centuries.
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At December 31, 2020, it had more than CHF 609 billion in assets under management or custody, making it one of the leading independent wealth and asset managers in the world. We speak to Alex Ng, Chief Executive Officer, Hong Kong Branch, Head of North Asia Pictet Wealth Management Asia, to find out the latest emerging trends concerning Family Offices in Asia, and how Pictet is supporting the region’s wealthy families.
It was an extraordinary year amidst the Covid-19 crisis last year, how has Pictet fared?
For Pictet, 2020 has actually been a year of record achievement. The Pictet Group has demonstrated once again its resilience under stress and the power of partnership to overcome adversity. The Group reported a rise of 10 per cent in its operating income and a 7 per cent rise in net profit. Assets under management or custody rose to an all-time high thanks to both the excellent investment performance and strong inflows of net new money across all of the Group’s business units.
How does the Pictet model shape your business vision and strategies?
This resilience owes much to Pictet’s model of governance in place for over two centuries – a partnership, that is designed to build a “fortress” for our clients.