EFG International Updates Integration of BSI
During the first quarter of 2017, EFG International made progress in integrating the acquired business from BSI. Net assets were negative in the first quarter of 2017 due to outflows at BSI. There was a net attrition of CHF 3.5 billion towards the end of quarter.
“Net attrition of CHF 3.5 billion towards the end of quarter.”
Revenue generating Assets Under Management at of March 2017 was at CHF 140.6 billion versus CHF 144.5 billion at the end of 2016.
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