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Pictet's Asia chief plots growth after receiving HK bank licence

Claude Haberer, Asia wealth management head, sees Pictet's new HKMA banking licence as a key step towards regional expansion and talks about his hiring, distribution and advisory plans.
Pictet's Asia chief plots growth after receiving HK bank licence

Swiss firm Pictet & Cie was awarded a banking licence by the Hong Kong Monetary Authority yesterday after a seven-month application process, enabling it to book assets in the city.

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