The Swiss private bank, described as the “secret Swiss bank of the richest people in the world” announced the opening of a technology center in Portugal to support its global operations. In addition to the technological center, the financial institution will also inaugurate an office, expanding its presence at the international level.
Pictet Technologies Portugal
According to Banco Pictet’s new Technology Center, it will be operated by Pictet Technologies Portugal (PTP) and will be intended to replicate the success achieved by Pictet Technologies in Luxembourg. The main focus will be the provision of essential software services and solutions for the Pictet group, contributing to the bank’s digital transformation.
Innovation and Digital Transformation
Pictet Technologies Portugal will have the mission of enhancing the Portuguese Talent Bank, also benefiting from the strategic location of Portugal for advanced software services. According to Bloomberg, the institution intends to focus on technological platforms such as AVALOQ and APPWAY, as well as developments in Java.
The opening of this technology center is part of the group’s expansion strategy, which currently has 31 offices worldwide. Lisbon will be the latest addition to this list, reinforcing Pictet’s global positioning in key markets.
The company also announced the creation of a data engineering team in Lisbon, providing to hire 150 IT professionals in the next five years.
This expansion demonstrates Pictet’s commitment to invest in technological innovation and qualified human resources training.
Global presence and centenary tradition
Founded in 1805 and headquartered in Geneva, Switzerland, Pictet is one of the oldest private banks in the world. Focused exclusively with assets management, asset management, alternative investments and asset-related services, the group is distinguished by the absence of investment board and commercial loans, as refers to the same source.
Currently, Pictet manages about 771 billion euros in assets under management or custody, being one of the largest independent managers in Europe. The group’s corporate structure is composed of owner-managers, maintaining unchanged the principles of succession and transmission of property since its foundation.
The group employs about 5,500 workers in 31 offices distributed by cities such as Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, London, Luxembourg, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Rome, Shanghai, Shango Singapore, Stuttar, Taipé, Telavive, Tokyo, Turin, Verona and Zurich, according to the same source.
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The strategic location in Lisbon
Pictet’s new technology center will be located in the Innovation and Design Building (IDB) in the olive groves. This choice reinforces the position of Lisbon as one of Europe’s main technological centers, attracting international companies in the sector that seek an innovative and growing environment.
Pictet’s bet in Lisbon is aligned with the strategic vision of expansion, taking advantage of the favorable conditions of the Portuguese capital for the development of state -of -the -art technology projects.
Experienced leadership for a new era
According to Bloomberg, Ricardo Coutinho, who has been part of Pictet Technologies Luxembourg since 2016, will be the director general of Pictet Technologies Portugal (PTP). Coutinho was fundamental in the creation of the software unit in Luxembourg and now leads the expansion to Portugal.
The opening of this center marks a historic step for Pictet, being the first office of the institution in the national territory. The choice of Lisbon is due to the quality of available technological talents and the strategic location of the city.
With this expansion, Pictet reinforces its commitment to innovation and digital transformation, while contributing to the growth of the technological sector in Portugal. Predicted hiring underlines Lisbon’s potential to attract large -scale international investments.
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