ZURICH, Feb 7 (Reuters) - Swiss private bank and asset manager Pictet said group assets under management or custody rose by 47 billion Swiss francs ($50.28 billion) last year to a record high of 509 billion.
Net new money of 14.1 billion francs and a strong market environment fueled the rise, the Geneva-based bank said in a statement on Wednesday.
$1 = 0.9347 Swiss francs Reporting by Michael Shields, editing by Louise Heavens
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