Pictet, Lombard Odier to Drop Traditional Swiss Bank Structure

Pictet, Lombard Odier to Drop Traditional Swiss Bank Structure

Antoine Antoniol/Bloomberg

Pictet, established 1805, and Lombard Odier, Geneva’s oldest bank founded in 1796, have used the trademarked badge of Swiss “private banker” to differentiate themselves from larger rivals UBS AG and Credit Suisse Group AG in Zurich.