Pictet announces first half 2020 figures

Contact

Simon Roth
Global Head of Media Communications
+41 58 323 7838 

The Pictet Group released unaudited figures for the first half of 2020 showing operating income of CHF 1.328 billion (+4% compared to the first half of 2019), total expenses before tax of CHF 1.009 billion (+7%) and a consolidated net profit of CHF 262 million (-1%).

Assets under management or custody stood at CHF 559 billion at 30 June 2020, compared with CHF 576 billion at 31 December 2019.

Strong net new money in the low double-digit billion range and excellent investment performance against benchmarks drove growth in operating income, despite a challenging market environment. Pictet remains geared for expansion and continues to invest in new staff and technology. We plan to open offices in Shanghai and New York by the fourth quarter of this year.
— Renaud de Planta, Senior Managing Partner

The core capital ratio (Tier 1) remained at 20.2% (based on CHF 2.89 billion of Common Equity Tier1 (CET1), the most solid form of capital) at 30 June 2020. This ratio compares with the minimum 7.8% core capital ratio (Tier 1) set by Pictet’s Swiss regulator FINMA.

Confirm your selection
By clicking on “Continue”, you acknowledge that you will be redirected to the local website you selected for services available in your region. Please consult the legal notice for detailed local legal requirements applicable to your country. Or you may pursue your current visit by clicking on the “Cancel” button.