Pictet profits down 25% after paying $123m to US authorities
Losses would have been shallower without its payment to the US Department of Justice for shielding client money from taxation
Losses would have been shallower without its payment to the US Department of Justice for shielding client money from taxation
Revenue rose 19% to £20.6m
Assets under management fell by 5% over the half year to £123.1bn
‘Strategic rebalancing’ towards higher growth and increased longevity areas
Assets under management fell by 10%