Swiss private bank Pictet & Cie has confirmed that it is moving its Zurich operation to new offices. Contracts have just been signed on new offices at 12 Freigutstrasse, giving the bank much more space than at their current office in Baerengasse which houses the bank's current 90 staff. The new offices will be decorated in a similar, modern style to Pictet's new Geneva offices in Route des Acacias. It is not certain when the move will take place, but it is unlikely to be before the end of this year. The move signals Pictet's positive view of its prospects for the coming years in Switzerland.