Pictet nears distribution deal in Taiwan

The asset management business is building its team in Hong Kong.

Pictet Asset Management is finalising plans to target the Taiwan market with its line of offshore funds. The asset management arm of Geneva-based private bank Pictet Cie expects to seal a distribution partner by the first quarter of 2007.

It is just one staff member short of having a full marketing team, based out of Hong Kong, to drum up regional business. The company has hired Freeman Tsang, formerly of Legg MasonÆs wholesale distribution business from his days running retail...

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