Founded in 1805 in Geneva, Pictet & Cie SA is today one of Switzerland’s largest private banks, and the leading independent asset management specialist in Europe, with CHF 436 billion (EUR 402 billion) in assets under management and custody at December 2015. Pictet & Cie SA is a partnership owned and managed by eight general partners with unlimited liability for the bank’s commitments. The Pictet Group, based in Geneva, employs more than 3,900 staff. The group has offices in the following financial centres: Amsterdam, Barcelona, Basel, Dubai, Florence, Frankfurt, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Montreal, Nassau, Osaka, Paris, Rome, Singapore, Taipei, Turin, Tokyo, Verona and Zurich.