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Pictet profits and AUM surge to “historic high” in 2017

Pictet’s assets under management (AUM) and profits rose to a “historic high” of CHF509 billion and CHF 572 million at the end of 2017, a year that the group’s Nicolas Pictet billed as “outstanding” for the bank. According to the bank’s full-year results, AUM rose by 10% or CHF47 billion last year due to a “combination of strong markets and…

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