How to open a bank account in Pictet

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June, 2003 June, 2021 April, 2021

GSL reference about the bank

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The main requirements of the bank:
- the bank opens savings (investment) accounts;
- the main area of ​​activity is asset management of private and institutional (financial) investors;
- an account can be opened in Moscow or Switzerland by meeting with a representative of the Bank;
- the minimum balance set by the bank for the target client - from 2,000,000 dollars, 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).

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    Bank's characteristics

    General information and rating

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    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated 15 AA-
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    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 Pictet Banking Group is represented in Amsterdam, Barcelona, ​​Basel, Brussels, Dubai, Florence, Frankfurt am Main, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Montreal, Nassau (Bahamas), Osaka, Paris, Rome, Singapore, Tai Bee, Tel Aviv, Turin, Tokyo and Zurich
    Personnel The bank employs 2,700 employees. There are Russian-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.

    Minimum requirements

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    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    2 000 000 5 2 000 000 3
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    Minimum balance, € The minimum balance set by the bank for the target client is from 2.000.000 USD (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

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    70 0 200 N/A N/A
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    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

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    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Savings
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    Visit to the bank A meeting with a banker is required either in Moscow or in Switzerland
    Required Completed bank forms; copy of the client's passport; client's resume; standard set of corporate documents
    Types of accounts Personal; Corporate; 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
     
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