What difference does being independent make to Pictet?
Independence means that Pictet is able to take completely objective decisions in its clients' best interests.
Pictet is not listed on any stock exchange and is still exclusively owned by individual partners. As such, the Bank is in no danger of being taken over. A private bank like Pictet, with no outside shareholders, is free from the pressure of having to pursue short-term growth merely to satisfy the public market. This is the fundamental advantage that being independent gives Pictet, and this independence allows it to focus on organic growth rather than seeking expansion through mergers and acquisitions.