Pause operations: company temporarily curtailing operations while keeping return options open

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The Pictet Group, known as Pictet, is a Swiss multinational private bank and financial services company founded in Switzerland. Headquartered in Geneva, it is one of the largest Swiss banks and primarily offers services in wealth management, asset management, and asset servicing, to private clients and institutions.

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
March 01, 2022

Temporarily suspended its Russian equities fund ($637 million in assets). The Swiss bank Banque Pictet & Cie will cease to accept transfers in Russian rubles from November 1, 2023.

February 29, 2024The Swiss bank Pictet has doubled the requirements for the amount of funds in the accounts of Russians
October 01, 2023Swiss bank Pictet stops accepting transfers in rubles
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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