EFG International Announces Successful Acquisition of BSI
EFG International has completed the acquisition of BSI for a preliminary price of CHF 1,060 million. This will make EFG one of the largest private banks in Switzerland with about CHF148 billion in Assets Under Management and just over 700 Client Relationship Officers.
The full integration of BSI Singapore via an accelerated asset deal will take place by the of November 2016.
News Source: EFG International Press Release
European Financial Group International (SIX:EFGN) is a multinational Swiss private banking group offering private banking and asset management services. It was formed in 1995 by Jean Pierre Cuoni and Lawrence D. Howell, and five others. The genesis of the bank was by the acquisitions of both the right to operate from the Zurich office of Banque de Deposits and the Swiss operations of the Royal bank of Scotland.
- Origin : Zurich, Switzerland
- Assets : CHF 26.8 billion
- Revenue : CHF 696.7 million
- Employees : 2,600
Official Website: www.efginternational.com
News & Media: Press Release
Updated on 8th August 2016