Pictet, the Swiss pure play, has received the go-ahead from Singapore’s financial regulator to operate as a wholesale bank licence in the city-state. Bank Pictet & Cie (Asia) Ltd. should commence operations as a wholesale bank 2 April 2018. With its status upgraded, it will be able to offer Singapore dollar (SGD) services, including deposits and loans. Dominique Jooris, CEO of…

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