EFG International Expands Its European Business

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EFG International is expanding its business to Portugal and has appointed an independent wealth manager to lead the local team. Apart from the core business in Switzerland and Italy, EFG International also considers Europe as its key market. The bank has now decided to open an advisory branch in Portugal in September of 2019 following…

Swiss private bank buys stake in Australian wealth manager.

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‘Australia is one of the most attractive and fastest growing wealth management markets worldwide’ Swiss private bank EFG International will acquire 51% of the Australian wealth manager Shaw and Partners for up to A$61m (£32.7m, $43.2m, €38.2m) via a combination of cash and EFG shares. The deal is subject to regulatory approval in Switzerland and…