EFG International is making progress with the integration of the business of BSI, the private bank it bought last year. It has taken over an important European market from the Ticino-based company.
BSI is disappearing step by step. EFG International, the Zurich-based private bank which bought BSI last year, has fully integrated the BSI branch in Luxembourg, according to a statement today.
Offices in Milan, Como and Genoa
With the transaction, BSI (Europe) was renamed into EFG Bank (Luxembourg). The company henceforth will use the EFG brand only.
With the integration of BSI’s European business, EFG also for the first time is present in Italy. The Italian market is strategically important to EFG. It will have offices in Milan, Como and Genoa.
