Published by Business Times – 20th Mar 2018
The Pictet Group said on Monday that it has obtained a wholesale bank licence from the Monetary Authority of Singapore (MAS) to expand its operations here.
The Swiss private bank said that its Singapore bank, Bank Pictet & Cie (Asia) Ltd (BPCAL), has received regulatory approval for a wholesale bank licence from the MAS, and expects to begin operations as a wholesale bank on April 2.