Granting of banking licence to Pictet & Cie (Europe) S.A.

Press Releases

18 Apr 2012

Granting of banking licence to Pictet & Cie (Europe) S.A.

The Hong Kong Monetary Authority announced today (Wednesday) that the Monetary Authority has granted a banking licence to Pictet & Cie (Europe) S.A. (PCESA) under the Banking Ordinance.  The granting of this banking licence took effect on 18 April 2012.

PCESA is incorporated in Luxembourg.  It is a banking subsidiary of Pictet & Cie.

After the granting of a banking licence to PCESA, the number of licensed banks in Hong Kong has increased to 154.

Hong Kong Monetary Authority
18 April 2012

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Last revision date : 18 April 2012