Pictet’s assets slide but cost-cutting delivers profit boost

Emily Davis

2026-01-04 05:35:33

Pictet’s assets slide but cost-cutting delivers profit boost

ShareResize https://cdn.accountdigital.net/FrTZam1PKf-IXJ1DjqLbf4ufSTUb Pictet’s profitability improved during the first six months of the year as a result of cost cuttingPhoto: Bloomberg via Getty...

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Pictet’s profitability improved during the first six months of the year as a result of cost cuttingPhoto: Bloomberg via Getty Images

Assets overseen by Pictet dropped 2% over the first six months of the year, with the Swiss private bank citing a weak US dollar for the fall.

The Geneva-headquartered firm said assets under management of 711m Swiss francs ($885m) at the end of June were 2% lower than at the end of 2024.

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