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Pictet profits fall by 2%, income up by 3% year-on-year

Boosted by positive inflows from Asia, Switzerland and the European Union, Geneva-based Pictet posted a revenue income rise of 3% in 2015, while consolidated net profit fell by 2%, according to its latest earnings release. Operating income rose to CHF2.1 billion (US$2.1 billion), Pictet added. In addition, assets under management (AUM), under its asset management and wealth management divisions, also upped…

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