The Pictet Group published key figures for the 2024 financial year on Tuesday. Group profit rose by 15 percent to 665 million francs. At 3.16 billion francs, operating income was on par with the previous year.

Assets under management or custody rose 14 percent to 724 billion francs, while net new money inflows totaled 11 billion francs (2023: 16 billion).

Marc Pictet, Senior Partner of the Pictet Group, is satisfied with the results: «We achieved a solid result in 2024. The investment performance was excellent and, thanks to positive market effects, we were able to achieve an all-time high in assets under management.»

Robust Capitalization and High Liquidity

The press release also states that the Group continues to have robust capitalization and solid total capital and liquidity ratios. As of 31 December 2024, equity amounted to 3.78 billion francs. At 212 percent, the liquidity ratio is significantly higher than the 100 percent prescribed by Basel III. The total capital ratio of 24.5 percent is also significantly higher than the 12 percent stipulated by the Swiss Financial Market Supervisory Authority Finma.

The Pictet Group's Annual Report 2024 will be published at the end of April. The bank, which is managed by partners and headquartered in Geneva, employs 5,500 people at 30 locations worldwide.