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Pictet Hong Kong review

Banque Pictet & Cie SA, Hong Kong Branch

Our review of Pictet Hong Kong for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreHong Kong
RegulatorHKMA (licensed bank incorporated outside Hong Kong); home supervisor FINMA
Legal formBranch of Banque Pictet & Cie SA
GroupPictet Group
Websitepictet.com
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PPLI.com
Private Bank Rating
73
out of 100
Editorial assessment on UHNW criteria
Reviewed 2 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating

Part of Pictet. The group card is led by Banque Pictet & Cie SA, whose own rating is the group's headline rating. This booking centre is rated separately.

The rating

What the PPLI.com rating of Pictet considers

This is our editorial assessment of Pictet. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Pictet and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank Rating73

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

20234 December 2023

Deferred prosecution agreement, conspiracy to help US taxpayers hide assets and income (2008 to 2014 conduct)

Banque Pictet admitted conspiring with US taxpayers to hide assets and income and entered a deferred prosecution agreement filed in the Southern District of New York, paying about USD 122.9 million. Prosecution is deferred for three years, after which the US will seek dismissal if the bank complies. The release also names other Pictet Group entities (Luxembourg, Singapore, Bahamas and Rhone Trust and Fiduciary Services SA) in the 2008 to 2014 conduct.

Banque Pictet entered into a deferred prosecution agreement

Release says the bank implemented remedial measures to protect against use of its services for future tax evasion and must cooperate fully with further investigations.

US Department of Justice (Tax Division, with US Attorney SDNY) · Resolution with admission · Total payment USD 122.9 million; Of which gross fees (forfeiture-type component) USD 52.2 million; Of which restitution to the irs USD 31.8 million; Of which penalty USD 39 million · Admission of the facts · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameBanque Pictet & Cie SA, Hong Kong Branch
LEI4LCYDN74UCFU5VPM4774
LicenceLicensed bank, incorporated outside Hong Kong (branch of Banque Pictet & Cie SA, Geneva)  Source
RegulatorHKMA (licensed bank incorporated outside Hong Kong); home supervisor FINMA
Legal formBranch of Banque Pictet & Cie SA
OwnerPictet Group (partnership-owned)

Ownership

Group parentPictet Group (société en commandite par actions; top company commonly named Pictet & Cie Group SCA - name not confirmed in the source read)  Source
ControlThe seven Managing Partners of the Pictet Group (Marc Pictet, Laurent Ramsey, Sébastien Eisinger, Elif Aktuğ, François Pictet, Sven Holstenson, Raymond Sagayam), together with 42 Equity Partners; owned by its partners  Source (1 April 2026)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee schedulePublished  Source
Third party paymentsPublished  Source
Transfer out termsPublished  Source

Protection of client assets

Deposit protectionNot published
Custody lawClient securities held by licensed or registered persons must be safeguarded under the Securities and Futures Ordinance and the Securities and Futures (Client Securities) Rules, as referenced in SFC Code of Conduct para 11.1.
Custody termsPublished  Source
Your experience

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If you bank with Pictet or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Pictet or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. US Department of Justice (Tax Division, with US Attorney SDNY): justice.gov/opa/pr/swiss-private-bank-banque-pictet-admits-conspiring-us-taxpayers-hide-as

For Pictet

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-HK-PICTET-HK-92EC35.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-HK-PICTET-HK-92EC35
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