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Swiss private bank Pictet expands in Singapore with wholesale licence

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Claude Haberer, Pictet Wealth Management Asia chief executive said that its upgraded licence underlines the growing importance of Singapore for the Pictet Group in the Asia-Pacific region.

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

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