Pictet & Cie begins buying Newstrike NES-v
Pictet has purchased 200,000 shares in the last 2 days
Founded in Geneva in 1805, Pictet is today one of Switzerland’s largest private banks, with assets under management and custody totalling USD 358 billion (CHF 386 / EUR 292) at the end of June 2010
From its outset, Pictet & Cie has focused solely on managing the wealth of private and institutional investors. It does not engage in any form of investment banking and it does not issue any commercial, mortgage or unsecured loans.
Pictet & Cie is a partnership owned by six managing Partners who stand personally and entirely liable for the Bank’s commitments. As such, the Bank enjoys total financial independence, controls the entire chain of its operations and does not need the approval of shareholders in taking decisions. It abides by the strictest standards in managing the risks inherent to its business, always acting in the best interest of clients.
Pictet & Cie is monitored by the FINMA (Swiss Financial Market Supervisory Authority) and offers its clients the utmost financial security by having capital adequacy ratios far superior to the legal requirements in Switzerland, already some of the most stringent in the world. The Bank has ample liquidity and does not rely on any external sources of financing for the smooth running of its business.
Lastly, true to the tradition of private bankers, Pictet & Cie hardly conducts any transactions for its own account and acts only in a fiduciary capacity on behalf of its clients.
