Pictet sees profit dip in 2015 but rise in managed assets

February 12, 2016 9:28 AM

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ZURICH Feb 12 Swiss private bank Pictet on Friday posted a 2 percent year-on-year drop in annual net profit but a slight rise in its managed asset base, in only the second time it has publicly disclosed full-year results.

Consolidated net profit in 2015 fell to 452 million Swiss francs ($462.64 million) but assets under management or custody rose by 2 billion francs to 437 billion francs.

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