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Piguet Galland Switzerland review

Piguet Galland & Cie SA

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

Booking centreSwitzerland
RegulatorFINMA
Legal formLocally incorporated subsidiary
GroupBCV Group (ownership by Banque Cantonale Vaudoise)
Websitepiguetgalland.ch
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating
The rating

What the PPLI.com rating of Piguet Galland considers

This is our editorial assessment of Piguet Galland. 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 Piguet Galland 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 RatingRating in preparation

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.

201523 October 2015

Non-prosecution agreement under the Swiss Bank Program, US-related accounts

Piguet Galland entered a Swiss Bank Program non-prosecution agreement covering 337 US-related accounts with USD 441 million in aggregate assets under management and paid a penalty of USD 15.365 million.

Piguet Galland will pay a penalty of $15.365 million.

Standard Swiss Bank Program cooperation obligations.

US Department of Justice (Swiss Bank Program, Category 2) · Settlement without admission · Penalty USD 15.4 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal namePiguet Galland & Cie SA
LEI549300N8MWPYEJDPE198
LicenceBank  Source
RegulatorFINMA
Legal formLocally incorporated subsidiary
OwnerBanque Cantonale Vaudoise

Ownership

Group parentBanque Cantonale Vaudoise (listed, SIX)  Source
ControlCanton of Vaud (via Banque Cantonale Vaudoise), 66.95%; state owned  Source (21 January 2026)
Holder of 10% or moreBanque Cantonale Vaudoise, 99.7% in Piguet Galland & Cie SA  Source (31 December 2024)
Holder of 10% or moreCanton of Vaud, 66.95% in Banque Cantonale Vaudoise  Source (21 January 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
Product minimumProduct minimum: CHF 300,000 (You must invest at least 300,000 CHF.)  Source
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsNot published
Your experience

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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 Piguet Galland 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 (Swiss Bank Program, Category 2): justice.gov/opa/pr/justice-department-announces-piguet-galland-cie-sa-reaches-resolution-u

For Piguet Galland

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-CH-PIGUET-GALLAND-099CDD.

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-CH-PIGUET-GALLAND-099CDD
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