Zurich-headquartered private banking group EFG International has completed the legal and operational integration of BSI in Luxembourg by way of a merger, including the BSI branch in Italy. Therefore the acquired business from BSI’s entity in Luxembourg, including the BSI branch in Italy, has been transferred to EFG Bank in Luxembourg. BSI (Europe) which was the […]
Swiss private banking group EFG International has appointed Franco Polloni ashead of Central Switzerland, Ticino & Italy Region, effective 1 August 2017 at the latest. He will also sit into the executive committee. Polloni will succeed Renato Santi, who will depart the firm after the integration of BSI’s Swiss business into EFG, that will occur in […]
Swiss private banking group EFG International (EFGI) has completed the acquisition of BSI from BTG Pactual for a preliminary purchase price of CHF1.06bn (€977.3m). EFG International’s assets under management with the purchase of BSI are estimated at CHF148bn (€136.4bn) as of 31 October 2016. In detail, the group has provided CHF575m in cash and issued […]
Swiss private banking group EFG International is to acquire the Lugano based private bank BSI, according to an agreement signed on 21 February 2016 with BSI’s sole shareholder BTG Pactual. Together, EFG and BSI will manage around CHF170bn (€154.4bn) in assets and are to become the fifth largest private bank in Switzerland. The EFG International annual general meeting, scheduled […]
Italian cooperative lender Veneto Banca has started exclusive talks with Swiss bank BSI for the possible sale of its private banking unit Banca Intermobiliare (BIM). Such a transaction would strengthen Veneto Banca’s capital base. The value of the deal remains under discussion. Veneto Banca has been trying to sell its 71.4% controlling stake in BIM since late 2013. Earlier in 2015, the firm found […]
Brazilian manager BTG Pactual has completed the acquisition of Swiss private bank BSI from Assicurazioni Generali for some CHF1.25bn (€1.14bn). The acquisition has been approved by the Swiss financial market supervisory authority (FINMA) and the Brazilian central bank. It creates a global private banking franchise with assets under management totalling $186.5bn (€166bn). BTG Pactual’s total assets under […]
Mercer Italia has announced the appointment of former senior vice president – head of Multimanagement & Funds Selection Unit at Banca della Svizzera Italiana (BSI)Luca De Biasi as head of Investment Consulting.
Italy’s Generali is understood to have received a number of non-binding offers for the sale of its Swiss-based private bank BSI, which the firm is looking to sell as part of a strategy to strengthen the capital to meet new industry rules.
Italy’s insurer Assicurazioni Generali, is pushing ahead with plans to sell its Swiss private bank BSI Group, a deal on which is advised by JPMorgan Chase and Mediobanca.
Mario Greco has taken over today the role of chief executive at Italy’s Generali from Giovanni Perissinotto, who served as chief executive at the bank for 11 years.
Italy’s insurer Assicurazioni Generali has appointed JP Morgan as adviser in the sale of its private banking group BSI, according to press reports.
Swiss bank BSI looks for virtues such as consistent behaviour and patient stock selection, explains Luca De Biasi, vice president and head of multi-management and fund selection.