PRN: Research and Markets - EFG Plan to Purchase Swiss Bank BSI for USD 1.43 Billion

22/feb/2016 14.24.43 PR Newswire Turismo Contatta l'autore

Questo comunicato è stato pubblicato più di 1 anno fa. Le informazioni su questa pagina potrebbero non essere attendibili.

Research and Markets - EFG Plan to Purchase Swiss Bank BSI for USD 1.43 Billion

 
[22-February-2016]
 

DUBLIN, February 22, 2016 /PRNewswire/ --

The global wealth management market is expected to grow at a CAGR of 10% by 2019, according to a recent report available from Research and Markets. The report notes that the increased complexity in investment patterns is giving rise to unique risk requirements, and that participants in this market must constantly monitor and redesign different strategies to avoid various risks such as cyber and fraud. EFG International AG are looking to increase their control in this market, as they today announced plans to purchase Swiss private Bank BSI from Brazil's Group BTG Pactual SA.

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

The proposed purchase will cost a total of USD 1.43 billion, but EFG forecast the deal to double the company's assets under management. EFG plan to form a leading global private bank by combining the strengths of the two banks.

International wealth providers in 2016 are far more selective when it comes to global expansion than in previous years, as highlighted in an industry report. Careful consideration must be enforced when it comes to expansion to ensure that the aforementioned risks are kept to a minimum.

Another recent report states that the global economy is starting to see a strong growth in the personal wealth market once again following a three-year-long bear market. The news of EFG's planned purchase of BSI reiterates this statement, and suggests that we may see an increase in financial institute acquisitions in the years to come.  

For further information on this topic, and a full list of all related documentation, please visit the Banking section at http://www.researchandmarkets.com/rm/MHJM.
Source: http://www.bloomberg.com/news/articles/2016-02-22/efg-international-agrees-to-buy-btg-s-bsi-in-1-34-billion-deal

About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716


blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl