Inside Pictet’s Struggle Between Old and New

The video discusses the history and current state of Swiss banking, focusing on Pictet, a secretive and historic institution. It highlights the challenges Pictet faces in modernizing and diversifying its leadership while maintaining high profitability. The impact of regulatory changes on banking secrecy and the opportunities in Asia are also explored.

What is one of the main reasons for internal tensions at Pictet?

• The decline in customer satisfaction

• The introduction of new technology

• The clash between new hires and traditional partners

• The bank's expansion into new markets

How has Swiss regulation affected traditional banking secrecy?

• It has had no impact

• It has mostly dismantled the secrecy

• It has made secrecy optional

• It has strengthened the secrecy laws

What approach is Pictet adopting to adapt to industry changes?

• Focusing on customer service

• Expanding into new geographical regions

• Increasing marketing efforts

• Becoming more metrics and targets oriented

What is a significant issue in Pictet's leadership structure?

• Lack of technological expertise

• High turnover rate

• Excessive bureaucracy

• Lack of diversity

How many women are among the senior managers labeled as Equity Partners at Pictet?

• Twenty

• Two

• None

• Ten