
Today, Pictet & Cie is considered one of the leading banks in continental Europe specialising in wealth management. Run as a partnership, Pictet & Cie's activities concentrate exclusively on private wealth management and the associated activities.
Thus, unlike the shareholders in a limited company whose liabilities are restricted to their share of the capital, Pictet & Cie's seven Partner-Managers have collective and unlimited liability for the Bank's commitments over their own personal wealth. They also combine ownership and management of the Bank in their hands.
In Switzerland, this status which entitles them to enjoy the protected and specific status of "private banker" and to add the "& Cie" to their corporate name, is recognised only for businesses set up by individuals or as partnerships.