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Separation of asset management and distribution to continue

Joe Marsh
More open architecture is inevitable among product distributors such as private banks, says Laurent Ramsey, global chief executive of Pictet Funds.

There's a growing trend for banks that control distribution in continental Europe and Asia to split their asset management arms from their distribution units and focus more on their core business, says Laurent Ramsey, Geneva-based chief executive of Pictet Funds.

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