Rather than offering third-party alternative investments, Pictet Wealth Management (Pictet WM) told Asian Private Banker why it is sticking to its own in-house solutions. Goh Hui Yang, head of alternative investments Asia, Pictet WM, noted that the firm does not distribute third-party alternatives funds, and so avoids charging retrocessions or kickbacks. “We extend the buy-side business activities to our clients…
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