Lindu Ejendomme, a joint venture between Pictet Alternative Advisor and Brunswick Real Estate, divested the portfolio to entities owned by Blackstone-managed funds. The portfo.
Pictet Asset Management (PAM), the world's leading actively-managed thematic equities asset manager, has launched the inaugural "Investing in the Future University Competition 2023" (Competition) across five markets in Asia, with a focus on Megatrends and environmental thematic investing. It aims to empower the younger generations that aspire to become investors by enhancing their knowledge and skills in thematic investing, while fostering their environmental awareness and responsible investment
NEW YORK: Banque Pictet et Cie will pay nearly $123 million under a deferred prosecution agreement in which the private bank admitted to helping US taxpayers evade $50.6 million in taxes, US officials announced on Monday.
NEW YORK (Reuters) -Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department, federal prosecutors said on Monday. According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between 2008 and 2014. As part of the agreement, Banque Pictet agreed to pay $122.9 million to the U.S. Treasury.