Pictet Group
Pictet in Luxembourg
From a staff of just five in 1989, Pictet Luxembourg has grown to more than eight hundred. In 2019 we celebrated the 3oth anniversary of our establishment in the Grand Duchy, 3o years of success that has only grown stronger over the decades.
Pictet has become a real heavyweight in the Luxembourg financial centre
The scale of Pictet's activities in the Grand Duchy means that we are now one of the ten biggest players in the Luxembourg banking sector, while at the same time pursuing our traditional business of wealth management and custodian banking.
Pictet Luxembourg has enjoyed 30 years of success, and that success owes much to Pictet's founding principles. The Group is still run by Partners, both owners and managers, who are in charge of all the Group's business. Moreover, the methods of succession and transfer of capital between Partners have remained unchanged since 1805. With no external shareholders, we have the independence of mind that enables us always to act in the interests of our clients. What is more, we have grown purely organically for more than 200 years, and we will continue to do so.
We have a clearly defined business model and never deviate from that model. We do not expand through mergers and acquisitions. And it is also our long-term approach that makes us stand out from the rest. Our time horizon is not one quarter but rather a whole generation. This attribute has enabled us to weather all the recent crises.
The Group's collegiate structure encourages a spirit of partnership, and we see ourselves as partners with our clients. It is up to us to understand them and to provide them with long-term solutions. This is essential to underpin our core business of managing private and institutional assets.
Today, the challenges linked to the fight against climate change have led the world of finance to think in terms of people, the planet and investment – dimensions that are inseparable in the long term. We are firm advocates of responsible investment and are committed to sustainable finance. An approach that integrates environmental, social and governance (ESG) criteria involves measuring and communicating the impact of investments. This is why we incorporate these criteria into our investment processes, risk management and reporting. We also take them into account in our economic research and financial analysis.
A full range of services
| Companies | Activities | Expertise |
| Bank Pictet & Cie (Europe) AG, Succursale de Luxembourg | Wealth Management
Asset Services
Trading & Sales
Tech&Ops
Corporate functions | Private wealth management
Institutional funds and independent asset managers
Trading services
IT, operations, logistics
General secretary’s office, human resources, legal, finance, risk, compliance, supervision of delegated activities |
| Pictet Asset Management (Europe) SA | Asset management | Portfolio management, Alternative investments |
| FundPartner Solutions (Europe) SA | Asset Services Tech&Ops | Fund administration Operations |
| Pictet Technologies SA | Information technology | Development and integration of IT solutions for the Group |
Our ambition is not to become the largest financial group. We want to be a responsible firm that we are all proud to work for.
Working at Pictet Luxembourg
Our independence has enabled us to invest and develop our business for the long term and to adopt a unique approach to recruitment and human resources management.
We are looking for talented people in banking and non-banking areas such as human resources, legal, risks, compliance, finance, IT, security and logistics, and we are committed to their further training and development.
Also, in 2016 we created Pictet Technologies, whose role is to develop tailor-made IT solutions for the Group.
Pictet has interesting opportunities for students and recent graduates, as well as experienced professionals. We offer long-term career prospects, both in Luxembourg and abroad.
Employee volunteering
Pictet supports all volunteer initiatives at a local level, i.e. in the countries where the Group is present. A special programme has been set up to enable employees to take part in social and environmental projects, such as coaching job seekers. Some 200 Group employees around the world volunteered their time to help the community in 2019.
Diversity, equity and inclusion
Pictet promotes a working environment that is open to diversity and where everyone has a place. All candidates with the required profile can take advantage of the professional opportunities offered, without criteria such as gender, race, age, religion, sexual orientation, disability, personality or socio-economic background being taken into account.
EDGE certification
After passing the first level ("Assess") of the EDGE certification in 2019, Pictet has now reached the second level ("Move") for its measures to promote inclusion and gender equality. This additional step constitutes a remarkable achievement.
Flexible and modern ways of working
As a responsible and supportive employer, we offer employees several flexible working arrangements that are open to men and women. These include flexible hours, annualised part-time or unpaid leave; and since January 2020 new fathers have been entitled to 20 days’ paternity leave. In addition, we support the well-being and creativity of our employees through working-from-home arrangements, reflecting the evolution of our working environment.
An inclusive work environment creates the right conditions for teams to flourish and be satisfied, in a place that encourages creativity and emulation.
This is why we want:
- to provide career opportunities and development opportunities based on merit
- to promote a culture of diversity and inclusion
- to strive for equal pay and equal opportunities, and we have a range of policies and practices in place to create an inclusive environment.
Don’t hesitate to apply!
About Pictet
We are an independent investment partnership known for our long-term mindset, responsible approach to business and entrepreneurial spirit. These principles have defined us since 1805. For our clients, colleagues, and wider society, we always aim to do the right thing and honour our commitment to enduring quality.
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736BN EURAssets under management or custody*
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28.2PercentTotal capital ratio**
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198PercentLiquidity coverage ratio***
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5400+Full-time equivalent employees
*Figure as of 30 September 2024
**Figure as of 30 June 2024
***Figure as of 31 December 2023
Annual review
What we do
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Wealth management
Private banking and related services to help individuals and families protect, grow and control their wealth and preserve it for future generations.
Our solutions
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Asset management
Investment management across a range of capabilities, including thematic equities, alternative investments, multi asset and emerging markets.
Our capabilities
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Alternative investments
Experts in private equity, private debt, real estate and hedge funds, managing over USD 50 billion in assets across nine investment offices
Our approach
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Asset services
Standard and bespoke custody, fund and trading solutions, in addition to cash and securities settlements, corporate actions, valuations and reporting.
Our services
Responsibility
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A responsible vision
With the challenges the world is now facing, we need to move swiftly to a more resilient and sustainable economy. For the financial system, we believe this calls for a systemic shift in focus away from exclusively maximising financial returns.
Our vision
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Environmental stewardship
Our environmental approach is driven by the understanding that our activities have an impact on the environment and that we have an obligation to reduce this impact wherever possible.
Our approach
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Prix Pictet
Founded in 2008, the Prix Pictet has become the world’s leading award for photography and sustainability. To date, there have been nine cycles of the award, each of which has highlighted a particular facet of sustainability.
Visit the Prix Pictet website
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The Pictet Group Foundation
The Pictet Group Foundation is a grant-making foundation established by the Managing Partners of Pictet to pursue our long-term tradition of social engagement and environmental commitment.
Our core focus areas