Pictet Establishes First African Office in South Africa

Swiss private bank Pictet has inaugurated its first office in Africa, marking a significant milestone in its 220-year history. Bloomberg posted on X that the new office is located in South Africa, expanding Pictet's global footprint. This move reflects the bank's strategic interest in the African market, aiming to tap into the region's growing economic potential. Pictet's decision to establish a presence in South Africa underscores its commitment to enhancing its services and accessibility for clients on the continent. The bank's expansion into Africa is part of a broader strategy to diversify its operations and explore new opportunities in emerging markets.