Pictet announces full-year results for 2024
For the year ending 31 December 2024, the consolidated profit rose by 15% to CHF 665 million, while the Group’s operating income remained in line with the previous year at CHF 3.16 billion.
Assets under management or custody stood at CHF 724 billion (up 14%) as at 31 December 2024. Net new money for 2024 totalled CHF 11 billion.
The Group’s equity, regulatory liquidity and capital ratios remain robust. As at 31 December 2024, total equity amounted to CHF 3.78 billion. The liquidity coverage ratio was 212%, exceeding the 100% requirement under Basel III. The total capital ratio stood at 24.5%, well above the 12% requirement set by Pictet’s Swiss regulator FINMA.
Commenting on the results, Marc Pictet, Senior Managing Partner, said: “We achieved solid results in 2024. Investment performance was excellent and positive market effects helped us reach an all-time high in assets under management. Clients continue to value our distinct investment capabilities and the stability we provide in an ever-changing industry and volatile geopolitical landscape.”
Note to editors
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since its foundation in 1805. The Group focuses exclusively on wealth management, asset management, alternative investments and related asset services. It does not engage in investment banking, nor does it extend commercial loans.
With CHF 724 (EUR 771 /USD 799 /GBP 638) billion in assets under management or custody at 31 December 2024, Pictet is today one of Europe’s leading independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, Pictet today employs around 5,500 people. It has 30 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.