How to open a bank account in Pictet

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

June, 2003

Last contact

November, 2024

Last update

June, 2024
  • the bank opens savings (investment) accounts;
  • the main area of ​​activity is asset management of private and institutional (financial) investors;
  • a personal meeting with a bank representative is mandatory;
  • the minimum balance set by the bank for the target client – from USD 2 000 000, while the bank opens accounts for smaller amounts, but only on the condition of trust portfolio management (investment in Pictet Funds);
  • the term for opening an account – case by case (check with the consultant);
  • the bank operates through its offices in Geneva, London and Singapore and is willing to open accounts in Geneva, London and Singapore
GSL rating
rating
Beginning of cooperation
June, 2003
Last contact
November, 2024
Last update
June, 2024
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General information and rating
General information and rating

Not rated
Global rating
15
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1805
History
Banque de Candolle Mallet & Cie was founded on July 23, 1805. At the time, there were two managing partners, Jacob-Michel-François de Candolle and Jacques-Henry Mallet, and three limited partners, Jean-Louis Mallet, Paul Martin and Jean-Louis Falquet. The bank was located at Cour St-Pierre until 1819. In 1926, the Bank changed its name to Pictet & Cie - the name by which it is known to this day. On January 1, 2014, the private bank Pictet & Cie was reorganized into a joint stock company and announced the size of its assets (35.1 billion francs, of which 1 billion are the bank's own funds in Switzerland; the own funds of the entire banking group are approximately 2 billion francs). francs). The bank operates through its offices in Geneva, London and Singapore and is willing to open accounts in Geneva, London and Singapore
Personnel
The bank employs 2,700 employees. There are English-speaking employees
Bank’s shareholders
Marc Pictet, Jacques de Saussure, Nicolas Pictet, Philippe Bertherat, Jean-François Demole, Renaud de Planta, Rémy Best, Bertrand Demole. On January 1, 2014, the private bank Pictet & Cie was reorganized into a joint stock company. In addition, changes were made to the Board of Directors of the Bank
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
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    Minimum requirements
    Minimum requirements

    2 000 000
    Minimum balance, €
    5
    Transactions permitted per month
    2 000 000
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance set by the bank for the target client is from USD 2 000 000 (or equivalent). The bank opens accounts for smaller amounts, but only on the condition of trust portfolio management (investment in Pictet Funds)
    Initial deposit of funds, €
    Down payment is equal to the minimum balance

    Tariffs and services
    Tariffs and services

    70
    Outcoming transfer, €
    0
    Incoming transfer, €
    200
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Distant access to the account
    The bank gravitates towards traditional methods of account management (“The system is personally known”). On-line banking
    Financial products
    The main area of activity is asset management for private and institutional (financial) investors. The bank does not engage in investment activities, does not issue commercial loans or unsecured loans
    Credit/debit cards
    Cards of various payment systems are available

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings
    Visit to the bank
    A personal meeting with a bank representative is mandatory
    Required
    Completed bank forms; copy of the client's passport; client's resume; standard set of corporate documents
    Types of accounts
    Savings
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account
    Predictable

    Banks of Switzerland

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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