EFG to take over BSI’s business in Singapore in an accelerated asset deal

Zurich, 14 July 2016. EFG International today announces that it has agreed with BTG Pactual the terms for EFG Bank’s Singapore branch to purchase the business of BSI Bank (Singapore) in an accelerated asset deal. Subject to obtaining required approvals, the migration of the acquired part of the business is planned to complete by the end of November 2016 at the latest.