EFG International Completes Integration of BSI Swiss Business
EFG International has announced that it has completed the legal integration of BSI SA’s Swiss business into EFG Bank AG.
“completed the legal integration of BSI SA’s Swiss business into EFG Bank AG.”
All of BSI SA’s Swiss business has been transferred to EFG Bank AG by way of an asset transfer pursuant to the Swiss Merger Act. The transfer included client relationships and employees. From now, the combined Swiss business will operate in the market solely under EFG name.
News Source: EFG 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