Pictet in the 20th century
| Following a period of relative stagnation, marked by two world wars and the economic depression of the 1930s, Pictet & Cie began to develop extensively from the 1950s on. |
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Despite the negative outlook in the aftermath of war, the Western world experienced a period of prosperity and economic growth. Geneva became one of the world's leading financial and diplomatic centres. |
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Institutional management and international development
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 In the late 1960s, Pictet developed a new activity: institutional management, with its first account for a pension fund opened in 1967.The Bank expanded rapidly, from a staff of just 70 in 1945 to more than 300 by 1980. While developing its head office, Pictet also pursued its expansion abroad by opening offices in Montreal in 1974 and acquiring a seat at the Boston Stock Exchange. In 1978, the Bank founded the offshore Pictet Bank & Trust Limited in Nassau. |
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1980-2000: an extraordinary expansion
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 In the latter years of the twentieth century, Pictet grew steadily to become one of Switzerland's largest private banks. Between 1980 and 2000, the number of staff jumped from 300 to 1,800, while assets under custody exceeded CHF 207 billion.In addition, the Bank continued to pursue its international expansion during this period, opening offices in the main international financial centres in Europe, the Middle East and Asia. |
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