The Swiss private bank Pictet expands its Asian business and for that recruits Crédit Suisse’s market head for China, Alex Ng, as well as 18 additional asset management experts, many of which also come from Crédit Suisse.
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Renminbi Hub in Switzerland has 13 partner banks
In 2016, the China Construction Bank (CBC) established the Renminbi Hub in Switzerland and since then, is developing cross-border business with the currency in...