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Our independence is rooted in Swiss tradition and protected by the absence of external shareholders. It means we are free to concentrate on the interests of our clients, colleagues and communities as well as the companies in which we invest. This allows the independence of mind that is crucial to successful investment performance.

To think long term means to resist the temptations of short-term fashion in favour of sustainable decision making. Both our investments and our businesses have a long-term focus, to the lasting benefit of all stakeholders and consequently of the Pictet Group.

While Pictet has the legal form of a partnership, it is a partnership in a wider sense too. The notion of partnership embodies respect, trust and interdependence over the long term. It means embracing diversity and promoting inclusion.

Responsibility goes hand in hand with a long-term, partnership approach. It means having a sense of responsibility and integrity not only towards the present generation but also to future generations — and to the real economy and the wider world. This is true sustainable thinking.

Independence, long-term thinking, partnership and responsibility are nothing if we do not keep our entrepreneurial spirit alive. It is the fate of many businesses that they lose their boldness, adaptability and originality as they grow. They become process-driven bureaucracies. Pictet is determined to stay true to its entrepreneurial origins.