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CHF 7bn ex-Lombard Odier wealth manager gets banking licence

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Wealth manager Cité Gestion received a banking licence from Finma earlier this year, Citywire Switzerland has learned. Cité Gestion has CHF 7bn in assets under management and CHF 9.5bn in assets under supervision. The bank has 99 employees, 60 of whom are wealth managers. Partner and deputy CEO Christophe Utelli…

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