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 […]
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 […]
Russia’s VTB Capital and Evercore Partners are working together to develop cross border transactions between Russia and North America.