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.
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.
“It was a very pleasant surprise to see we have obtained our licence in record time,” its Asia wealth management head Claude Haberer tells AsianInvestor.
It is the 200-year-old institution’s fifth international booking centre and brings to 154 the number of licensed banks in Hong Kong, where Picte…
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