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Swiss private bank Pictet expands in Singapore with wholesale licence

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Published Mon, Mar 19, 2018 · 09:50 PM

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    Singapore

    THE Pictet Group said on Monday that it has obtained a wholesale bank licence from the Monetary Authority of Singapore (MAS) to expand its operations here.

    The Swiss private bank said that its Singapore bank, Bank Pictet & Cie (Asia) Ltd (BPCAL), has received regulatory approval for a wholesale bank licence from the MAS and expects to begin operations as a wholesale bank on April 2, 2018.

    Julius baerMonetary Authority of Singapore

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