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Swiss group Pictet opens New York asset management office

ZURICH (Reuters) - Pictet Asset Management is opening its first U.S. office in New York City, to be led by Elizabeth Dillon, previously its head of global financial institutions, it said on Monday.

The asset management arm of Swiss private banking group Pictet handled $209 billion for clients as of June 30.

The New York office plans to expand to 12 staff.

Reporting by Michael Shields; Editing by David Goodman

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