Pictet Wealth Management: “We're really, really focused on AI in 2024”

“AI in technology obviously was a big, big driver of the market in 2023. It was driven by the magnificent seven, including Nvidia, Google, Amazon, Facebook, so we're really, really focused on AI also in 2024. But we're looking for opportunities in specific sectors like MedTech, robotics, diagnostics; we believe that they will have more scale-up during 2024,” says Moran Alon, CEO of Pictet Wealth Management’s Israel branch, speaking to CTech at Calcalist’s 2024 Forecasts event in Tel Aviv.

צילום: טל שחר

“Pictet is the largest private bank in Europe. It manages $700 billion of assets. It's held by eight partners, and it's rated AA minus. It focuses on wealth management and asset management so we don't have any commercial activity but this makes the bank very strong in terms of its balance sheet,” explained Alon.

Regarding the impact of the war on Pictet’s activities in Israel, Alon says, “We've been in Israel for almost 24 years. We believe in the Israeli economy. The Israeli economy will stay strong. There are cycles in the market, so our strategy won't change. We think we're here for the long term.”

You can watch the full interview in the video above.