GREY:SXHHF - Post by User
Post by
wanjinfengon Dec 15, 2010 11:13am
234 Views
Post# 17849759
More interest it seems....
More interest it seems....Lots of buys from Pictet Canada L.P. today....i've not seen them make a purchase before......
For those who don't know Pictet, here's the excerpt from their website.
| Founded in Geneva in 1805, Pictet is today one of Switzerland's largest private banks, with assets under management and custody totalling USD 384 billion (CHF 375 / EUR 281) at the end of September 2010. |
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| A Bank specialised in asset management |
From its outset, Pictet & Cie has focused solely on managing the wealth of private and institutional investors. It does not engage in any form of investment banking and it does not issue any commercial, mortgage or unsecured loans.
Pictet & Cie is a partnership owned by six managing Partners who stand personally and entirely liable for the Bank's commitments. As such, the Bank enjoys total financial independence, controls the entire chain of its operations and does not need the approval of shareholders in taking decisions. It abides by the strictest standards in managing the risks inherent to its business, always acting in the best interest of clients.
Pictet & Cie is monitored by the FINMA (Swiss Financial Market Supervisory Authority) and offers its clients the utmost financial security by having capital adequacy ratios far superior to the legal requirements in Switzerland, already some of the most stringent in the world. The Bank has ample liquidity and does not rely on any external sources of financing for the smooth running of its business.
Lastly, true to the tradition of private bankers, Pictet & Cie hardly conducts any transactions for its own account and acts only in a fiduciary capacity on behalf of its clients.