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Heinrich Adami, Group CEO of 205 - year, Pictet Bank, said that London is still the best place to do business. Photo: CLARA MOLDEN

Heinrich Adami, Steering Group-205 - year Pictet Bank, said that London was always the best place to do business.

Rubbishing warnings of the decline of the city, he said he was "optimistic" about the capital.

"This is still the largest concentration of international clients," said Mr Adami. ""London is still the ideal place to do business - person interested to move, it is the ideal entry point.

The future of the city and the wider banking sector to the United Kingdom became a political and economic challenge since the financial crisis, which requires the State to spend hundreds of billions of pounds in support of direct and indirect large banks in the country.

A one-off bonus tax levied by the United Kingdom last year led to warnings that many financial services companies can leave, while the last few months speculation increased potential relocation of a large bank in London.

Mr Adami comments are particularly important because the Switzerland is regarded as one of potential benefactors of any large-scale exodus by financial institutions.

Several hedge funds have already moved all or part of their business in Switzerland, even if it is known that several banks have explored the possibility of moving operations.

Pictet Geneva-based is one of the best regarded private banks Suisse.Malgré low clamp on money off the coast in some jurisdictions, the bank acquired assets in the past year.

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