First-half 2024 figures

The Pictet Group's total equity and total capital ratio remained strong. As of 30 June 2024, total equity stood at CHF 3.8 billion. The total capital ratio was 28.2%, well above the minimum of 12% required by FINMA.

Commenting on the results, Marc Pictet, Senior Managing Partner, said: “We are satisfied with our results as we saw a robust increase in assets under management (AuM) due to good investment performance, favourable market conditions and new money inflows.

At the same time, we experienced significantly lower interest income as clients invested a higher portion of their cash positions in revenue generating assets. Operating expenses grew as we continued to invest in our Private Assets and Asia businesses as well as technology and infrastructure.”